25 October – motorcycle industry share price guide

25 OCTOBER — WEEKLY MOTORCYCLE INDUSTRY SHARE PRICE GUIDE

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 25 October 2013.

TICKER TAPE

This week saw all major global equity markets end winning streaks for investors and get minor jitters, for a variety of reasons.

In New York, the S&P 500 index turned south because of mixed messages from large corporate earnings releases. The effect was uneven but discernable in the powersports sector too, where Harley-Davidson’s shares retreated slightly from a recent stellar performance, despite the company having just published its own excellent quarterly statement.

Elsewhere the story was the same, although excuses differed. Both Britain’s FTSE 100 and the Eurofirst 300 representing our continental cousins faded, the latter on banking sector woes in particular — as did India’s Sensex, the Shanghai Composite in China and Nikkei 225 Average in Japan. East of Suez, the culprits were respectively increasing currency weakness in India, concerns about a Chinese State lending squeeze and its knock-on effect to the yen — with a return to over-valuation.

Minuses were in the majority everywhere but results were erratic. For instance, while Honda lost almost three per cent as a noted exporter threatened by the yen rising once more, Yamaha mysteriously racked on a fractional weekly gain.                    

Price (P) High (H) Low (L) Change (C) 52-week range (R) One-year return (Y)  
 

USA (US dollar)

Harley-Davidson    P 64.98  H 65.41  L 64.48  C +0.12%  R 66.59 – 44.48  Y +42.91%

Polaris    P 133.01  H 134.00  L 131.91  C -0.05%  R 136.90 – 78.83  Y +61.74%

Arctic Cat    P 50.40  H 50.59  L 49.42  C -0.47%  R 61.13 – 32.12  Y +36.73%

US Highland    P 0.27  H N/A  L N/A  C N/A  R 0.74 – 0.27  Y N/A

Viper    P 0.03  H N/A  L N/A  C N/A  R 0.30 – 0.001  Y -90%

Notes: Polaris makes ATVs, snowmobiles, Victory and Indian motorcycles. Arctic Cat makes ATVs and snowmobiles. US Highland makes a range of four-stroke dirt bikes. Viper Powersports produces the Diamondback Super Cruiser with a British-built 2490cc Ilmor engine.
 

CANADA (Canadian dollar)

BRP    P 27.54  H 27.62  L 27.50  C +0.81%  R 29.50 – 21.50  Y N/A

Notes: Bombardier Recreational Products makes Can-Am ATVs and Spyder road trikes, as well as Ski-Doo snowmobiles, Sea-Doo personal watercraft and Rotax engines for a range of applications including motorcycles.
 

EUROPE (euro)

BMW    P 83.93  H 83.94  L 82.90  C +0.45%  R 83.94 – 59.61  Y +42.52%

Piaggio    P 2.12  H 2.13  L 2.072  C +0.66%  R 2.28 – 1.775  Y +21.51%

KTM    P 62.00  H 62.00  L 62.00  C N/A  R 62.00 – 43.00  Y +42.7%

VW    P 170.10  H 172.00  L 170.00  C -1.39%  R 181.65 – 131.30  Y +20.42%

Notes: Volkswagen is the owner of Ducati Motor Holding
 

INDIA (rupee)

Hero    P 2035.40  H 2094.80  L 2020.85  C -2.26%  R 2130.00 – 1434.05  Y +12.31%

Bajaj    P 2080.60  H 2108.65  L 2041.95  C -0.08%  R 2229.00 – 1656.00  Y +19.15%

TVS    P 50.70  H 51.80  L 49.75  C +2.11%  R 52.70 – 28.10  Y +26.61%  

Eicher    P 3932.45  H 3975.00  L 3897.25  C -0.99%  R 4040.00 – 2273.60  Y +67.43%

Mahindra    P 867.75  H 884.65  L 864.90  C -2.43%  R 1025.87 – 740.15  Y -0.03%

Maharashtra    P 394.70  H 414.00  L 390.25  C -1.34%  R 555.00 – 305.00  Y +11.73%

Scooters India    P 16.70  H 16.70  L 15.55  C +4.38%  R 42.05 – 13.50  Y -36.02%

Notes: Hero MotoCorp is a former Honda JV partner. Bajaj has technical partnerships with KTM and Kawasaki. TVS is a former Suzuki JV partner. Bajaj and TVS also both export. Eicher makes the Royal Enfield brand. Mahindra & Mahindra has a technical partnership with Taiwanese brand SYM and an own-brand motorcycle range. Maharashtra Scooters assembles CKD scooter kits manufactured by Bajaj, which is also a substantial shareholder in the company. Scooters India manufactured Lambretta scooters until 1997 but now only makes Vikram three-wheeled taxis and light trucks. The Indian government has a majority stake.
 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 203.00  H 205.00  L 202.00  C +1%  R 228.00 – 105.60  Y N/A

Pak Suzuki    P 124.00  H 124.00  L 121.00  C +0.67%  R 161.91 – 81.70  Y N/A

Notes: Atlas Honda and Pak Suzuki are JV motorcycle assembly and distribution partners.
 

JAPAN (yen)

Honda    P 3830  H 3905  L 3810  C -1.16%  R 4405 – 2333  Y +55.65%

Yamaha    P 1503  H 1533  L 1500  C -0.86%  R 1825 – 721  Y +99.11%

Suzuki    P 2378  H 2442  L 2378  C -2.1%  R 2919 – 1741  Y +35.73%

Kawasaki    P 407  H 424  L 406  C -3.55%  R 437 – 160  Y +153.83%
 

CHINA (yuan)

Qianjiang    P 4.64  H 4.67  L 4.56  C +1.53%  R 5.75 – 3.72  Y +20.45%

Zongshen    P 4.75  H 4.94  L 4.74  C -2.86%  R 6.27 – 4.35  Y -19.92%  

Sundiro    P 4.22  H N/A  L N/A  C N/A  R 5.35 – 3.37  Y N/A  [Trading suspended]

Jialing    P 3.17  H 3.27  L 3.15  C -2.16%  R 4.68 – 2.53  Y +9.31%  

Lifan    P 6.66  H 6.92  L 6.60  C -2.92%  R 7.64 – 5.11  Y +5.62%

Loncin    P 8.79  H 9.12  L 8.44  C +6.03%  R 11.06 – 6.28  Y +21.39%

Linhai    P 5.22  H 5.43  L 5.17  C -3.87%  R 6.59 – 4.42  Y +2.15%

CHINA (Hong Kong dollar)

Jianshe    P 5.41  H 5.49  L 5.37  Change +0.37%  R 6.80 – 5.16  Y N/A  

Guangzhou Auto    P 8.61  H 8.81  L 8.51  C -1.49%  R 9.38 – 4.98  Y +68.63%

Notes: Qianjiang owns both the exported Keeway brand and the formerly Italian Benelli brand. Zongshen produces own-brand bikes and proprietary engines, and has JV partnerships with Piaggio, producing scooters, and Harley-Davidson, making parts. Sundiro is the biggest Honda JV bike partner in China. Jialing makes and exports own-brand bikes using Honda licensed technology and is a Honda JV power products partner. Lifan makes and exports own-brand bikes, and distributes MV Agusta products in China. Loncin is a Kawasaki JV partner and OEM engine contractor to BMW Motorrad. Linhai and Jianshe are Yamaha JV partners. Guangzhou Automobile Group is the parent of Honda JV partner and own-brand bike manufacturer Wuyang.
 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.53  H 0.54  L 0.53  C N/A  R 0.95 – 0.45  Y –36.9%

Notes: Vietnam Manufacturing & Export Processing Holdings is the third-largest Vietnamese scooter and motorcycle manufacturer. It is a JV partnership with Taiwanese brand SYM. VMEPH is headquartered in Hong Kong and listed on both the HK and Taipei stock exchanges.
 

TAIWAN (Taiwanese dollar)

Sanyang    P 50.00  H 50.40  L 49.55  C -0.4%  R 52.00 – 16.75  Y +168.43%

Notes: Sanyang Industry is the leading Taiwanese powered two-wheeler manufacturer through its widely-exported SYM brand.
 

MALAYSIA (ringgit)

Oriental Holdings    P 8.95  H 9.00  L 8.89  C -1.65%  R 10.64 – 7.70  Y +15.23%

Hong Leong    P 5.25  H 5.25  L 5.20  C +0.96%  R 5.80 – 3.98  Y +15.95%

Notes: Oriental Holdings is a Honda JV partner. Hong Leong Industries is a Yamaha JV partner and former owner of the German MZ concern.
 

INDONESIA (rupiah)

Astra    P 6950  H 7000  L 6800  C N/A  R 8300 – 5100  Y -9.92%

Notes: Astra International is a Honda JV partner.
 

SOUTH KOREA (won)

S&T    P 495  H 504  L 492  C +0.2%  R 610 – 414  Y -12.39%

Daelim    P 98,400  H 101,500  L 97,900  C -2.09%  R 110,000 – 66,900  Y +31.63%

Notes: S&T manufactures Hyosung-branded bikes and ATVs, exporting to the US, Europe including the UK and elsewhere. Daelim Industrial is a diversified conglomerate which retains a controlling 59 per cent stake in Daelim Motor, the largest motorcycle and scooter manufacturer in Korea.