Thursday, June 20, 2024
HomeNEWSFINANCIAL04 July - motorcycle industry share price guide

04 July – motorcycle industry share price guide

A snapshot of global bike and ATV industry share performance at the trading closure on Friday 4 July 2014.

In a week shortened by Independence Day celebrations, the US benchmark S&P 500 and Dow Jones Industrial Average indices both closed on record highs, boosted by a rash of positive American economic data. But that didn’t do Harley-Davidson much good because leading Wall Street broker Raymond James (obviously not a fan of the Livewire electric Hog initiative) downgraded its stock from “strong buy” to “market perform” on Monday, instantly wiping a further three per cent off an already declining price. Polaris, on the other hand, keeps stacking on value against a background of its deeply conventional Indian cruiser sales doubling initial projections for this year and ATVs flying out of dealers’ doors.

Europe was on a roll too, with the FTSE Eurofirst 300 and London’s FTSE 100 up by 1.7 per cent and 1.6 per cent respectively. All motorcycle-related shares benefited, with BMW hitting a yearly high. Somewhat detached from that, KTM stacked on a further nine per cent to claim a second consecutive all-time high, as investors scrabbled to get whatever slice was available of its tiny residual free float. Piaggio improved by nearly two per cent week-on-week.

Bombay Stock Exchange performance was a little odd, because the two largest indigenous manufacturers Hero and Bajaj lost ground while every other Indian bike stock blithely rose — led, as ever, by TVS as star of the show.

Tokyo’s Nikkei 225 index reached its highest level in more than five months as optimism about the global economy heated up trading. As exporters, all of Japan’s big-four motorcycle manufacturers felt that warmth. Yamaha took pole position thanks to a weekly surge of more than nine per cent.

China was pretty cheerful as well. Every bike producer with shares trading in Shanghai, Shenzhen or Hong Kong could boast about better prices. Jialing outpaced the opposition by a considerable margin, taking Friday’s chequered flag at 20 per cent up. The exception was Lifan, which was precluded from trading by Shanghai regulators on Monday and now languishes in suspension for some as-yet unspecified infraction of the exchange’s rulebook.         

 


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


USA (US dollar)

Harley-Davidson    P 68.46  H 68.79  L 68.02  C +0.97%  R 74.13 – 53.35  Y +25.72%

Polaris    P 134.78  H 134.93  L 131.42  C +2.4%  R 146.99 – 95.41  Y +41.42%

Arctic Cat    P 40.20  H 40.40  L 39.53  C +1.8%  R 61.13 – 31.95  Y -16.06%

US Highland    P 0.45  H 0.45  L 0.42  C +50%  R 0.59 – 0.22  Y N/A

Viper    P 0.013  H 0.013  L 0.012  C N/A  R 0.06 – 0.001  Y N/A

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 26.20  H 26.47  L 26.15  C -0.46%  R 31.98 – 24.68  Y +4.59%

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 — most recently Buell’s EBR superbike.
 


EUROPE (euro)

BMW    P 95.19  H 95.89  L 94.93  C -0.06%  R 95.89 – 66.14  Y +47.76%

Piaggio    P 2.58  H 2.626  L 2.576  C -1.45%  R 3.092 – 1.871  Y +35.43%

KTM    P 97.75  H 97.75  L 94.00  C +4.55%  R 99.00 – 50.15  Y +87.62%

VW    P 191.149  H 192.56  L 190.55  C -0.31%  R 198.43 – 151.013  Y +28.86%

Notes: Volkswagen is the owner of Ducati Motor Holding
 


INDIA (rupee)

Hero    P 2583.95  H 2623.50  L 2572.35  C -0.17%  R 2787.70 – 1636.00  Y +65.73%

Bajaj    P 2299.20  H 2311.95  L 2281.00  C -0.04%  R 2364.85 – 1680.05  Y +24.99%

TVS    P 171.00  H 172.60  L 167.00  C -0.06%  R 174.50 – 28.10  Y +433.7%  

Eicher    P 8637.85  H 8750.00  L 8500.10  C +0.64%  R 9090.00 – 2965.00  Y +140.28%

Mahindra    P 1230.05  H 1240.00  L 1209.50  C -0.45%  R 1278.70 – 740.15  Y +28.48%

Maharashtra    P 676.65  H 695.00  L 660.10  C -1.31%  R 714.00 – 326.65  Y +84.75%

Scooters India    P 30.30  H 31.80  L 29.75  C -1.62%  R 36.75 – 13.50  Y +61.17%

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 231.95  H 232.01  L 231.95  C +0.57%  R 328.00 – 189.05  Y N/A

Pak Suzuki    P 280.01  H 291.40  L 277.00  C -1.98%  R 291.48 – 119.00  Y N/A

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


JAPAN (yen)

Honda    P 3570  H 3578  L 3552  C +0.99%  R 4385 – 3292  Y -4.94%

Yamaha    P 1854  H 1865  L 1806  C +4.57%  R 1865 – 1240  Y +30.96%

Suzuki    P 3395  H 3465  L 3385  C -0.06%  R 3465 – 2054  Y +40.22%

Kawasaki    P 404  H 408  L 403  C +0.75%  R 496 – 307  Y +24.39%
 


CHINA (yuan)

Qianjiang    P 6.65  H 6.79  L 6.38  C +4.23%  R 6.86 – 4.36  Y +44.88%

Qingqi    P 3.99  H 4.04  L 3.97  C +0.25%  R 5.19 – 3.34  Y N/A

Zongshen    P 4.95  H 5.01  L 4.88  C -0.4%  R 5.77 – 3.92  Y +5.5%   

Sundiro    P 3.98  H 4.00  L 3.94  C N/A  R 4.40 – 3.37  Y +7.28%

Jialing    P 5.89  H 6.26  L 5.54  C +3.51%  R 6.26 – 2.90  Y N/A  

Lifan    P 6.64  H N/A  L N/A  C N/A  R 7.64 – 5.25  Y N/A  [Trading suspended]

Loncin    P 9.42  H 9.62  L 9.38  C -0.21%  R 11.10 – 7.31  Y +20.42%

Linhai    P 6.42  H 6.49  L 6.38  C -1.08%  R 7.00 – 4.42  Y +35.73%

 


CHINA (Hong Kong dollar)

Jianshe    P 5.94  H 5.95  L 5.84  C -0.17%  R 6.80 – 5.16  Y N/A  

Guangzhou Auto    P 9.59  H 9.70  L 9.51  C -0.62%  R 10.94 – 6.48  Y +40.82%

Notes: Qianjiang owns both the exported Keeway brand and the formerly Italian Benelli brand. Qingqi is a Suzuki JV partner, a Peugeot scooter contractor and also makes Qingqi and Sinnis branded bikes. 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. It also has JV car production partnerships with Honda and Toyota.
 


VIETNAM (Hong Kong dollar)

VMEPH    P 0.43  H 0.43  L 0.43  C N/A  R 0.66 – 0.40  Y –15.69%

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 31.60  H 32.35  L 31.10  C -3.36%  R 63.00 – 25.20  Y +11.58%

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


MALAYSIA (ringgit)

Oriental Holdings    P 7.66  H 7.71  L 7.65  C -0.13%  R 10.04 – 6.95  Y -21.33%

Hong Leong    P 6.74  H 6.78  L 6.73  C +0.75%  R 7.00 – 4.65  Y +49.52%

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 7350  H 7425  L 7325  C N/A  R 8050 – 5100  Y +12.13%

Notes: Astra International is a Honda JV partner. Its controlling shareholder is Jardine Matheson Holdings, a British-managed conglomerate domiciled in Hong Kong.
 


SOUTH KOREA (won)

KR    P 1155  H 1160  L 1115  C +0.87%  R 1495 – 425  Y +164.3%

Daelim    P 87,600  H 89,000  L 87,300  C -0.57%  R 110,000 – 77,000  Y +7.73%

Notes: KR Motors (formerly 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. (The remainder is British-owned, by the private equity arm of Standard Chartered Bank.)

RELATED ARTICLES

Product News

Reaction: The man in the white suit

I started in this stimulating industry as a sales representative for Greeves Motorcycles in January 1964; then after 30 plus years at the coalface,...