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HomeNEWSFINANCIAL11 MARCH: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICEs

11 MARCH: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICEs

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 11 March 2016.

Higher oil prices — benchmark Brent Crude climbed back above 40 bucks at one point — allied with activist policy pronouncements from the European Central Bank to promote recovery for global stocks in the past week. However there was intermittent volatility in some markets and benefits were inconsistent.

New York’s S&P 500 index rose by 0.84% and US industrials tended to outpace the trend. Both Harley-Davidson and Polaris were among those lucky metal-bashers, respectively adding 4.6% and 6.3% to their share prices across five days of trading.

European growth was weaker and the Eurofirst 300 rose by only 0.21% overall after a sharp downwards plunge on Thursday. That spannered the three big German automotives with motorcycling connections week-on-week, although they began to bounce back from losses on the following day. Piaggio slumped by 7.3%, in advance of its full-year financial results due after Milan’s Borsa Italiana closed early for the weekend at lunchtime on Friday.

Japan proved to be the sole negative developed market. Its Nikkei 225 index in Tokyo ended 0.45% down, despite support from a weakening yen. Suzuki was the only indigenous bike manufacturer to avoid a weekly share price decline.

As for the emerging world, India was positive, the BSE Sensex 30 improving by 0.45%. But investor largesse only extended to Bajaj, Eicher and Mahindra. Every other bike producer lost ground. China was a pit of gloom. Shanghai’s Composite index dropped by 2.3%. That didn’t affect Qianjiang, Sundiro or Jialing, though, because they languish under stock trading suspensions. Virtually all the rest slid lower in line with general market sentiment.

                                

Price (P) Daily change (C) 52-week range (R) One-year investment return (Y) 

 

USA (US dollar)

Harley-Davidson    P 48.93  C +2.73%  R 62.96 – 36.36  Y -14.51%

Polaris    P 97.85  C +1.65%  R 156.35 – 67.80  Y -32.53%

Arctic Cat    P 16.64  C -9.71%  R 39.00 – 8.90  Y -54.84%

US Highland    P 0.06  C -7.69%  R 1.05 – 0.06  Y N/A

Viper    P 0.0008  C N/A  R N/A  Y N/A 

Confederate    P 0.09  C N/A  R 0.33 – 0.08  Y N/A

Notes: Polaris makes Victory and Indian bikes, ATVs, snowmobiles, quadricycles and EVs. Arctic Cat makes ATVs and snowmobiles. US Highland makes off-road bikes. Viper Powersports makes the Diamondback Super Cruiser. Confederate Motors makes Combat Fighter cruisers.

 

CANADA (Canadian dollar)

BRP    P 16.50  C +0.73%  R 29.80 – 13.76  Y -23.54%

Notes: Bombardier Recreational Products makes Can-Am ATVs, Spyder road trikes, Ski-Doo snowmobiles, Sea-Doo PWCs and Rotax proprietary engines.

 

TAIWAN (Taiwanese dollar)

Sanyang    P 22.15  C N/A  R 28.75 – 19.15  Y -18.42%

Notes: Sanyang Motor (SYM) is the leading Taiwanese bike manufacturer.

 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.42  C +1.22%  R 0.85 – 0.36  Y -9.78%

Notes: Vietnam Manufacturing & Export Processing Holdings, a JV partner of SYM, is the third-largest Vietnamese bike manufacturer.

 

INDONESIA (rupiah)

Astra    P 7050  C +1.81%  R 8575 – 4975  Y -7.46%

Indomobil    P 2095  C -0.24%  R 4200 – 1860  Y -47.34%

Notes: Astra International is a Honda JV partner. Its controlling shareholder is British conglomerate Jardine Matheson. Indomobil Sukses Internasional is a Suzuki JV partner.

 

EUROPE (euro)

BMW    P 78.97  C +3.74%  R 123.75 – 65.99  Y -32.15%

Daimler    P 65.42  C +3.43%  R 96.07 – 57.01  Y -27.81%

VW    P 130.50  C +3.78%  R 254.99 – 95.00  Y -44.55%

KTM    P 129.50  C N/A  R 132.95 – 99.69  Y +2.45%

Piaggio    P 1.90  C -4.52%  R 3.18 – 1.56  Y -34.54%

Notes: Daimler’s AMG-Mercedes subsidiary has a 25% stake in MV Agusta. Volkswagen Group owns Ducati.

 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 379.85  C +2.66%  R 414.80 – 311.37  Y N/A

Pak Suzuki    P 431.28  C -3.22%  R 532.00 – 330.00  Y N/A

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

 

INDIA (rupee)

Hero    P 2813.35  C +0.03%  R 2859.00 – 2251.30  Y +8.98%

Bajaj    P 2325.90  C +0.06%  R 2656.00 – 1912.50  Y +17.26%

TVS    P 287.95  C +1.46%  R 309.80 – 201.00  Y +4.56% 

Eicher    P 20,004.00  C +1.03%  R 21,620.00 – 13,900.10  Y +25.71%

Mahindra    P 1220.50  C -0.48%  R 1442.05 – 1091.25  Y +0.34%

Maharashtra    P 1214.80  C +1.75%  R 1619.00 – 826.10  Y +44.27%

Scooters India    P 26.25  C N/A  R 35.05 – 21.75  Y -10.71%

Notes: Hero MotoCorp is an own-brand former Honda JV partner. Bajaj has a major shareholding in KTM and ties with it and Kawasaki. TVS is a former Suzuki JV partner and now BMW Motorrad contractor. Eicher makes the Royal Enfield brand. Mahindra & Mahindra has an own-brand bike range and a majority stake in French scooter brand Peugeot. Maharashtra Scooters assembles CKD scooter kits manufactured by Bajaj. Scooters India makes Vikram three-wheeled taxis and light trucks. The Indian government has a majority stake.

 

JAPAN (yen)

Honda    P 3150  C -0.32%  R 4499 – 2726  Y -22.11%

Yamaha    P 1865  C +2.19%  R 3245 – 1593  Y -37.35%

Suzuki    P 3020  C +0.72%  R 4780.5 – 2662.5  Y -14.83%

Kawasaki    P 325  C -1.81%  R 647 – 269  Y -43.04%

 

CHINA (yuan)

Qianjiang    P 8.58  C N/A  R 17.11 – 5.55  Y N/A [Trading halted]

Zongshen    P 8.34  C -1.18%  R 30.15 – 8.08  Y -31.11%  

Sundiro    P 5.71  C N/A  R 12.69 – 4.89  Y N/A [Trading halted]

Jialing    P 7.38  C N/A  R 16.34 – 5.27  Y -16.99% [Trading halted]

Lifan    P 8.94  C -0.67%  R 27.99 – 8.05  Y -11.66%

Loncin    P 15.73  C +0.96%  R 39.48 – 13.00  Y -2.61%

Linhai    P 9.14  C +0.55%  R 14.71 – 8.41  Y -8.51%

GAG    P 18.82  C -0.11%  R 24.85 – 8.88  Y +108.4%

 

CHINA (Hong Kong dollar)

Jianshe    P 14.17  C -1.39%  R 19.99 – 7.57  Y +80.28%

Notes: Qianjiang owns Keeway and formerly Italian Benelli. Zongshen makes own-brand bikes and proprietary engines, and has JV partnerships with Piaggio, (scooters), and Harley-Davidson (parts). Sundiro is a Honda JV partner. Jialing makes own-brand bikes using Honda licensed technology. Lifan makes own-brand bikes and distributes MV Agusta 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 (GAG) is the parent of Honda JV partner and own-brand bike manufacturer Wuyang.

 

MALAYSIA (ringgit)

Oriental Holdings    P 6.77  C -0.44%  R 7.93 – 6.48  Y -0.81%

Hong Leong    P 6.18  C -0.32%  R 6.30 – 4.39  Y +46.57%

Notes: Oriental Holdings is a Honda JV partner. Hong Leong Industries is a Yamaha JV partner.

 

SOUTH KOREA (won)

KR    P 1120  C +1.36%  R 1770 – 905  Y -18.84%

Daelim    P 86,800  C -4.3%  R 98,000 – 59,600  Y +27.28%

Notes: KR Motors makes Hyosung bikes and ATVs. Daelim Industrial retains a controlling 59% stake in Daelim Motor, the largest bike manufacturer in Korea. (The remainder is British, owned by Standard Chartered Bank.)

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