04 October – motorcycle industry share price guide

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 4 October 2013.

TICKER TAPE

A partial US government services shutdown this week and the vague potential risk of a catastrophic US Federal debt default, both driven by a Congressional refusal to pass President Obama’s proposed budget, fuelled a swerve by American institutional investors out of Treasury bonds and into equities. This inevitably pushed up US stock indices yet again. As for individual shares in the bike/ATV firmament, Harley, Polaris and Arctic Cat all hit periodic record highs as a result.

Most Wall Street analysts shrug off the possibility of a default. The general view among them is that, even if Republicans in Congress continue to play hard-ball with Obama, a way will be found to raise or obfuscate the debt ceiling until the budget stand-off is resolved.              
 

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

USA (US dollar)

Harley-Davidson    P 65.30  H 65.77  L 64.68  C +1.29%  R 65.86 – 41.21  Y +57.74%

Polaris    P 134.33  H 134.95  L 130.55  C +3.55%  R 134.95 – 78.83  Y +64.23%

Arctic Cat    P 58.80  H 59.32  L 56.30  C +3.04%  R 59.33 – 32.12  Y +43.29%

US Highland    P 0.27  H 0.27  L 0.27  C -10%  R 1.01 – 0.27  Y -50.91%

Viper    P 0.025  H 0.025  L 0.025  C -50%  R 0.30 – 0.001  Y -90.04%

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 27.39  H 27.40  L 27.05  C +1.22%  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 79.79  H 79.85  L 78.75  C +0.45%  R 82.44 – 59.04  Y +35.67%

Piaggio    P 2.018  H 2.048  L 1.97  C +1.66%  R 2.28 – 1.702  Y +13.79%

KTM    P 60.15  H 60.85  L 60.15  C +0.22%  R 60.85 – 43.00  Y +38.44%

VW    P 164.30  H 164.95  L 162.50  C +0.45%  R 181.65 – 131.30  Y +24.97%

Notes: Volkswagen is the owner of Ducati Motor Holding
 

INDIA (rupee)

Hero    P 2033.20  H 2061.80  L 2020.05  C +0.13%  R 2130.00 – 1434.05  Y +15.86%

Bajaj    P 2117.90  H 2153.00  L 2105.00  C -0.07%  R 2229.00 – 1597.50  Y +23.85%

TVS    P 41.95  H 43.30  L 38.90  C +8.54%  R 50.25 – 28.10  Y -4.61%  

Eicher    P 3687.00  H 3700.00  L 3600.25  C +2.24%  R 3980.00 – 2066.50  Y +61.27%

Mahindra    P 858.80  H 871.40  L 851.00  C +0.82%  R 1025.87 – 700.60  Y +0.29%

Maharashtra    P 399.50  H 407.00  L 395.00  C +0.54%  R 555.00 – 305.00  Y +16.12%

Scooters India    P 15.60  H 15.90  L 15.50  C -0.64%  R 42.05 – 13.50  Y -45.26%

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. Maharashta 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 201.85  H 202.00  L 200.60  C -0.07%  R 228.00 – 104.80  Y N/A

Pak Suzuki    P 124.80  H 130.99  L 124.80  C -3.75%  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 3710  H 3755  L 3690  C -0.67%  R 4405 – 2294  Y +56.62%

Yamaha    P 1355  H 1380  L 1350  C -1.95%  R 1825 – 700  Y +89.15%

Suzuki    P 2307  H 2341  L 2296  C -2.25%  R 2919 – 1571  Y +42.05%

Kawasaki    P 395  H 401  L 392  C -0.5%  R 437 – 151  Y +144.84%
 

CHINA (yuan)

Qianjiang    P 4.78  H 4.82  L 4.74  C +0.63%  R 5.75 – 3.72  Y +27.98%

Zongshen    P 4.94  H 4.97  L 4.88  C +0.61%  R 6.27 – 4.35  Y -13.24%  

Sundiro    P 3.82  H 3.83  L 3.79  C +1.06%  R 5.35 – 3.37  Y -23.33%

Jialing    P 3.39  H 3.47  L 3.35  C -1.74%  R 4.68 – 2.49  Y +36.14%  

Lifan    P 6.67  H 6.76  L 6.46  C +3.57%  R 7.38 – 5.11  Y -0.76%

Loncin    P 7.84  H 7.89  L 7.81  C +0.26%  R 11.06 – 6.28  Y +1.13%

Linhai    P 5.79  H 5.85  L 5.56  C +3.39%  R 6.59 – 4.42  Y +12.65%

CHINA (Hong Kong dollar)

Jianshe    P 5.84  H 5.95  L 5.79  Change -1.52%  R 6.80 – 5.38  Y N/A  

Guangzhou Auto    P 8.43  H 8.47  L 8.40  C -0.71%  R 9.15 – 4.78  Y +75.28%

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 0.50  H 0.50  L 0.48  C +3.09%  R 0.95 – 0.45  Y –45.65%

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 48.60  H 49.90  L 48.55  C -1.42%  R 49.90 – 16.75  Y +152.24%

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

MALAYSIA (ringgit)

Oriental Holdings    P 9.03  H 9.03  L 8.93  C +0.89%  R 10.64 – 7.62  Y +17.46%

Hong Leong    P 5.37  H 5.39  L 5.35  C -0.37%  R 5.80 – 3.98  Y +20.88%

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 6400  H 6450  L 6300  C -0.78%  R 8300 – 5100  Y -19.66%

Notes: Astra International is a Honda JV partner.
 

SOUTH KOREA (won)

S&T    P 538  H 568  L 531  C -3.93%  R 610 – 414  Y -8.5%

Daelim    P 99,200  H 99,200  L 95,600  C +1.85%  R 106,500 – 66,900  Y +9.3%

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.