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HomeNEWSFINANCIAL10 October - motorcycle industry share price guide

10 October – motorcycle industry share price guide

A snapshot of global bike and ATV industry share performance at the trading closure on Friday 10 October 2014.

Driven by IMF-fuelled sentiment that global growth was increasingly patchy, New York suffered a rabidly volatile week that veered from the biggest one-session gain in a year to its worst day since April. The S&P 500 index’s weekly close was the lowest for two months, marginally over two per cent down. Among US bike-related stocks, Harley-Davidson lost five per cent, briefly touching a yearly nadir on Friday.

In Europe, where the IMF had revised its forecasts to say there is now a 40 per cent chance of the eurozone plunging back into recession (including the industrial powerhouse of Germany), investor panic was worse. The Xetra Dax index monitoring Frankfurt’s exchange dropped by 2.4 per cent to its weakest for 12 months while the pan-European FTSE Eurofirst 300 fell by four per cent. BMW shares declined by six per cent. Only KTM held station, on extremely thin trading in Vienna.

A similar knee-jerk reaction circumnavigated the developed world and the Nikkei 225 in Tokyo was down by 2.6 per cent. All four Japanese motorcycle manufacturers accordingly experienced falling share prices.

Such concerns are finally beginning to infect Asian emerging markets too. The Bombay Stock Exchange’s Sensex 30 reflected that, as did negative share price movements for all but two of the seven listed Indian bike makers. China began to suffer as well, with a 60 per cent consensus of Chinese motorcycle producers following Shanghai Composite negativity.                           

 


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


USA (US dollar)

Harley-Davidson    P 56.46  H 57.73  L 56.45  C -1.62%  R 74.13 – 56.45  Y -12.79%

Polaris    P 142.59  H 146.02  L 142.51  C -2.14%  R 152.88 – 118.80  Y +10.88%

Arctic Cat    P 31.23  H 31.96  L 30.926  C -0.6%  R 61.13 – 30.926  Y -46.62%

US Highland    P 0.45  H 0.45  L 0.45  C N/A  R 0.59 – 0.22  Y +66.67%

Viper    P 0.0055  H 0.0055  L 0.0055  C N/A  R 0.05 – 0.0012  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 24.07  H 24.89  L 24.05  C -1.47%  R 31.98 – 23.51  Y -8.3%

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 79.612  H 82.01  L 79.08  C -2.52%  R 96.10 – 77.58  Y +1.32%

Piaggio    P 2.048  H 2.064  L 1.93  C +5.03%  R 3.092 – 1.93  Y -1.92%

KTM    P 102.95  H 102.95  L 102.95  C -0.48%  R 109.50 – 58.76  Y +71.37%

VW    P 150.31  H 154.50  L 150.25  C -2.8%  R 198.43 – 150.25  Y -8.76%

Notes: Volkswagen is the owner of Ducati Motor Holding
 


INDIA (rupee)

Hero    P 2841.00  H 2872.50  L 2765.00  C +0.78%  R 3080.00 – 1907.00  Y +41.72%

Bajaj    P 2353.65  H 2368.15  L 2311.05  C -0.94%  R 2457.00 – 1793.20  Y +12.32%

TVS    P 224.10  H 230.00  L 219.50  C -1.73%  R 242.50 – 43.65  Y +388.18%  

Eicher    P 11,270.35  H 11,619.00  L 11,200.00  C -2.92%  R 12,372.50 – 3752.00  Y +186.71%

Mahindra    P 1317.40  H 1363.30  L 1314.80  C -3.64%  R 1433.70 – 839.66  Y +52.78%

Maharashtra    P 901.75  H 923.85  L 891.60  C -1.22%  R 939.95 – 379.00  Y +132.87%

Scooters India    P 27.90  H 27.90  L 27.00  C N/A  R 36.75 – 14.20  Y +72.76%

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 304.15  H 310.00  L 302.89  C +2.91%  R 328 – 199.00  Y N/A

Pak Suzuki    P 311.58  H 311.58  L 297.25  C +5%  R 311.58 – 119.00  Y N/A

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


JAPAN (yen)

Honda    P 3473  H 3485  L 3435.5  C -1.49%  R 4385 – 3292  Y -9.23%

Yamaha    P 1949  H 1950  L 1901  C -1.37%  R 2188 – 1265  Y +41.62%

Suzuki    P 3191  H 3219  L 3156  C -1.02%  R 3827.5 – 2335  Y +35.55%

Kawasaki    P 407  H 408  L 400  C -0.73%  R 496 – 350  Y +1.54%
 


CHINA (yuan)

Qianjiang    P 7.54  H 7.57  L 7.21  C +2.72%  R 7.57 – 4.40  Y +54.51%

Qingqi    P 6.34  H 6.39  L 6.26  C -0.16%  R 6.77 – 3.34  Y N/A

Zongshen    P 7.90  H 7.96  L 7.72  C +0.51%  R 8.33 – 3.92  Y +55.84%   

Sundiro    P 5.68  H 5.80  L 5.62  C -1.22%  R 5.95 – 3.48  Y +42.77%

Jialing    P 7.43  H 7.54  L 7.33  C -0.8%  R 7.95 – 2.90  Y +113.51%  

Lifan    P 8.85  H 9.10  L 8.84  C -2.96%  R 9.63 – 5.65  Y +24.94%
 
Loncin    P 17.58  H 18.00  L 16.41  C +5.78%  R 18.00 – 7.74  Y +120.88%

Linhai    P 10.09  H 10.43  L 10.02  C -4.36%  R 10.88 – 4.80  Y +76.37%

 


CHINA (Hong Kong dollar)

Jianshe    P 8.31  H 8.44  L 8.27  C -1.54%  R 8.58 – 5.16  Y +57.39%  

Guangzhou Auto    P 7.55  H 7.70  L 7.42  C -1.95%  R 10.94 – 6.72  Y -9.05%

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 0.50  H 0.50  L 0.49  C N/A  R 0.69 – 0.40  Y -10.71%

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 27.75  H 27.90  L 27.35  C N/A  R 63.00 – 25.20  Y -43.39%

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


MALAYSIA (ringgit)

Oriental Holdings    P 7.50  H 7.52  L 7.40  C N/A  R 9.15 – 6.95  Y -16.29%

Hong Leong    P 7.21  H 7.48  L 7.08  C -3.87%  R 8.81 – 4.75  Y +41.3%

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 6500  H 6600  L 6500  C -3.35%  R 8050 – 6050  Y -3.89%

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 970  H 1005  L 931  C +4.98%  R 1495 – 425  Y +87.62%

Daelim    P 66,500  H 68,600  L 65,700  C -1.92%  R 110,000 – 65,700  Y -34.73%

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.)
 

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