Sunday, June 16, 2024
HomeNEWSFINANCIAL14 NOVEMBER: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

14 NOVEMBER: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

 A snapshot of global bike and ATV industry share performance at the trading closure on Friday 14 November 2014.
 
Although US trading was lacklustre after early gains in the week, rising American consumer confidence and retail sales data lifted sentiment. New York’s S&P 500 index finished with a modest weekly rise of 0.4 per cent, its fourth successive week of improvement. Harley-Davidson outpaced that, putting on 3.6 per cent across five daily sessions, but Polaris slid back marginally.
 
The contrast in Europe was stark. Third-quarter eurozone economic data released during the week wasn’t actually as bad as many analysts had anticipated — but it was bad enough. Eurozone GDP had grown by just 0.2 per cent during this three-month period, narrowly avoiding a downwards drift towards recession. Germany’s economy, supposedly the European powerhouse, managed expansion of only 0.1 per cent.
 
No surprise then that the trio of German automotive giants with motorcycling sideshows — BMW, Daimler and VW — all experienced week-on-week share price falls. But over on the Vienna bourse, KTM blithely bucked Frankfurt’s pessimistic trend, rising by 4.3 per cent and briefly touching an all-time record on Friday. And given that Italy had just admitted to an 11th consecutive quarter in recession, down by 0.1 per cent, Piaggio beat the odds too. Its shares were up by nearly four per cent.
 
India was another story, with the Bombay Stock Exchange’s BSE Sensex 30 index resuming normal optimistic service, along with most major local bike manufacturers’ share prices. The only exception was TVS, falling back from recent stratospheric levels. Royal Enfield parent Eicher was the star turn, stacking on 10.4 per cent to reach a historic record peak.
 
Moving further east, a further sharp contrast could be found. Gloom and doom pervaded the Shanghai and Shenzhen exchanges, with 80 per cent of listed Chinese motorcyle stocks losing value, some suffering substantial falls. But in Tokyo, the Nikkei 225 index finished at a fresh seven-year high, up by not far short of four per cent week-on-week. All the Japanese motorcycle brands benefited with share price hikes.            
 
   
Price (P) High (H) Low (L) Change (C) 52-week range (R) One-year return (Y)  
 
USA (US dollar)
 
Harley-Davidson    P 68.40  H 69.38  L 68.29  C +1.11%  R 74.13 – 54.22  Y +4.11%
 
Polaris    P 155.40  H 157.29  L 155.38  C -0.49%  R 159.33 – 118.80  Y +16.87%
 
Arctic Cat    P 33.40  H 33.525  L 32.91  C +1.74%  R 59.73 – 30.11  Y -37.69%
 
US Highland    P 0.13  H 0.13  L 0.13  C -71.11%  R 0.59 – 0.13  Y N/A
 
Viper    P 0.0016  H 0.0016  L 0.0016  C +6.67%  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 25.01  H 25.05  L 24.81  C +0.04%  R 31.98 – 23.51  Y -11%
 
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 82.866  H 83.51  L 82.05  C +0.09%  R 96.10 – 74.74  Y +4.69%
 
Daimler    P 61.024  H 61.45  L 60.46  C -0.34%  R 71.27 – 55.10  Y +7.4%
 
Piaggio    P 2.27  H 2.282  L 2.222  C +1.7%  R 3.092 – 1.93  Y +2.81%
 
KTM    P 116.30  H 118.00  L 114.15  C +1.13%  R 118.00 – 59.26  Y +96.14%
 
VW    P 168.31  H 169.65  L 167.05  C +0.47%  R 198.43 – 147.35  Y -7.13%
 
Notes: Daimler has a 25 per cent stake in MV Agusta through its AMG-Mercedes subsidiary. Volkswagen is the owner of Ducati Motor Holding
 


INDIA (rupee)
 
Hero    P 2964.40  H 2983.00  L 2920.00  C +1.26%  R 3144.00 – 1907.00  Y +50.02%
 
Bajaj    P 2652.85  H 2663.65  L 2610.15  C +1.65%  R 2663.65 – 1793.20  Y +33.21%
 
TVS    P 241.85  H 254.85  L 240.10  C -4.6%  R 266.70 – 48.20  Y +385.34%  
 
Eicher    P 13,992.90  H 14,080.00  L 13,250.00  C +6.07%  R 14,080.00 – 4133.00  Y +234.84%
 
Mahindra    P 1255.85  H 1260.00  L 1244.40  C +0.05%  R 1433.70 – 846.25  Y +37.35%
 
Maharashtra    P 925.40  H 932.00  L 912.55  C +0.86%  R 989.95 – 382.25  Y +140.87%
 
Scooters India    P 32.60  H 33.50  L 31.80  C -0.31%  R 38.85 – 14.20  Y +101.23%
 
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 314.00  H 330.00  L 313.01  C -4.47%  R 355.57 – 209.00  Y N/A
 
Pak Suzuki    P 357.00  H 377.90  L 356.01  C -4.5%  R 401.00 – 125.00  Y N/A
 
Notes: Atlas Honda and Pak Suzuki are JV motorcycle assembly and distribution partners.
 


JAPAN (yen)
 
Honda    P 3720  H 3720  L 3660.5  C +2.59%  R 4385 – 3239  Y -6.94%
 
Yamaha    P 2479  H 2499  L 2446  C +2.86%  R 2499 – 1265  Y +61.68%
 
Suzuki    P 3637.5  H 3679  L 3595  C +0.4%  R 3848 – 2434  Y +49.11%
 
Kawasaki    P 472  H 475  L 466  C +0.85%  R 496 – 350  Y +17.19%
 


CHINA (yuan)
 
Qianjiang    P 6.83  H 6.90  L 6.69  C +0.74%  R 7.57 – 4.50  Y +49.13%
 
Qingqi    P 6.10  H 6.21  L 5.98  C +0.49%  R 6.77 – 3.34  Y N/A
 
Zongshen    P 8.34  H 8.43  L 8.20  C -1.65%  R 9.78 – 3.92  Y +94.67%   
 
Sundiro    P 5.20  H 5.37  L 5.15  C -3.35%  R 5.95 – 3.48  Y +35.45%
 
Jialing    P 7.18  H 7.32  L 7.06  C +0.7%  R 7.95 – 3.01  Y +127.22%  
 
Lifan    P 8.95  H 9.35  L 8.91  C -4.48%  R 10.15 – 5.65  Y +42%
 
Loncin    P 16.48  H 16.55  L 15.45  C +3.91%  R 18.81 – 7.94  Y +106.05%
 
Linhai    P 8.59  H 8.62  L 8.46  C +0.35%  R 10.88 – 4.80  Y +67.29%
 


CHINA (Hong Kong dollar)
 
Jianshe    P 8.65  H 8.75  L 8.53  C -1.14%  R 9.40 – 5.28  Y +55.58%  
 
Guangzhou Auto    P 7.70  H 7.79  L 7.62  C +0.65%  R 10.94 – 6.72  Y -18.28%
 
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 0.465  H 0.465  L 0.465  C N/A  R 0.69 – 0.40  Y -18.42%
 
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 27.15  H 27.50  L 27.10  C +0.18%  R 63.00 – 25.20  Y -43.53%
 
Notes: Sanyang Industry is the leading Taiwanese powered two-wheeler manufacturer through its widely-exported SYM brand.
 
MALAYSIA (ringgit)
 
Oriental Holdings    P 7.25  H 7.28  L 7.25  C -0.41%  R 8.89 – 6.95  Y -15.82%
 
Hong Leong    P 4.62  H 4.65  L 4.58  C -0.65%  R 7.543 – 3.95  Y +8.61%
 
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 7175  H 7200  L 7050  C +1.06%  R 8050 – 6050  Y +17.36%
 
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 925  H 944  L 925  C -1.7%  R 1495 – 425  Y +102.85%
 
Daelim    P 71,200  H 73,000  L 71,000  C -2.33%  R 102,000 – 62,700  Y -26.59%
 
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

Telly king Cole back on the box

Shed and Buried is back for a sixth series this summer, with Henry Cole, Allen Millyard and friends back in action, reviving vintage bikes,...