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HomeNEWSFINANCIAL17 JUNE: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

17 JUNE: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 17 June 2016.

Analysts on both sides of the Atlantic are now openly attributing turbulence and negativity in developed-world equities and foreign exchange markets to the UK’s impending in-out EU referendum. Ongoing absence of any consistent oil price recovery isn’t helping either, with benchmark Brent light crude dipping well below 50 bucks again.

Every single leading share price index dropped over the past week. New York’s S&P 500 fell by 1.35%. The FTSE 100 in London was 1.55% down, hitting its lowest level for four months. The eurozone’s Eurofirst 300 copped a 2.19% decline, also notching up a four-month low, and Tokyo’s Nikkei 225 plunged sharply by 6.03%.

Currencies were the root cause of such significant Japanese woes. The euro and sterling fell, on the pointed end of a Brexit bashing, against the dollar and all three dropped against the yen — which has assumed safe-haven status. As a result, Japan and other Far Eastern exporters to the US and Europe anticipated price-competitiveness pain so stocks began to crumble. The quartet of Japanese motorcycle manufacturers therefore suffered uniform reversals.

India’s BSE Sensex 30 stepped back by just 0.04%, affecting only Hero Motocorp substantially. But the Shanghai Composite sank by 1.43%, knocking the shares of half of all active listed Chinese bike producers.

Without exception, bike-related automotives in Europe also went downhill on direct Brexit uncertainties in the face of Thursday’s poll. Only American industry leaders Harley-Davidson and Polaris bucked the indices to manage performances on the fractionally positive side of flat.  

                                

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

 

USA (US dollar)

Harley-Davidson    P 45.13  C +1.21%  R 60.67 – 36.36  Y -20.3%

Polaris    P 83.02  C +2.6%  R 156.35 – 67.80  Y -43.9%

Arctic Cat    P 16.69  C -0.89%  R 35.78 – 8.90  Y -51.37%

US Highland    P 0.01  C +51.92%  R 0.70 – 0.01  Y N/A

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

Confederate    P 0.10  C -32.3%  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 21.40  C +1.18%  R 29.80 – 13.76  Y -24.17%

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 20.90  C N/A  R 26.05 – 19.15  Y -15.04%

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

 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.41  C N/A  R 0.71 – 0.36  Y -40.44%

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

 

INDONESIA (rupiah)

Astra    P 6600  C +0.38%  R 7850 – 4975  Y -3.55%

Indomobil    P 1490  C +1.02%  R 3800 – 1405  Y -58.49%

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 69.56  C +0.81%  R 105.45 – 65.99  Y -25.32%

Daimler    P 56.25  C +0.28%  R 87.63 – 54.15  Y -27.4%

VW    P 130.12  C +2.33%  R 219.90 – 95.00 Y -36.86%

KTM    P 120.00  C +2.56%  R 130.00 – 100.00  Y +12.98%

Piaggio    P 1.69  C +5.41%  R 3.15 – 1.56  Y -42.3%

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

 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 372.00  C +0.27%  R 414.80 – 320.05  Y N/A

Pak Suzuki    P 405.98  C -0.19%  R 532.00 – 371.00  Y N/A

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

 

INDIA (rupee)

Hero    P 3030.40  C +0.32%  R 3211.15 – 2257.20  Y +20.47%

Bajaj    P 2581.40  C +0.56%  R 2659.15 – 2133.15  Y +11.78%

TVS    P 293.30  C +0.38%  R 340.90 – 201.00  Y +23.57% 

Eicher    P 18,779.05  C -0.26%  R 21,620.00 – 14,800.00  Y -2.9%

Mahindra    P 1344.00  C N/A  R 1442.05 – 1091.25  Y +3.91%

Maharashtra    P 1359.75  C -1.32%  R 1619.00 – 936.60  Y +35.3%

Scooters India    P 26.45  C +0.57%  R 35.05 – 22.00  Y +10.21%

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 2710.5  C +0.48%  R 4499 – 2685  Y -30.32%

Yamaha    P 1669  C +3.34%  R 3045 – 1581  Y -41.92%

Suzuki    P 2763  C +2.07%  R 4780.5 – 2450  Y -31.83%

Kawasaki    P 305  C +4.1%  R 613 – 269  Y -47.53%

 

CHINA (yuan)

Qianjiang    P 12.86  C +1.34%  R 15.65 – 5.55  Y -4.6%

Zongshen    P 11.19  C +6.57%  R 29.00 – 8.08  Y -54.59%  

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 N/A [Trading halted]

Lifan    P 11.51  C -2.54%  R 23.40 – 8.05  Y -40.24%

Loncin    P 18.72  C +5.46%  R 35.50 – 13.00  Y -37.36%

Linhai    P 11.28  C +1.99%  R 14.71 – 8.41  Y -20.51%

GAG    P 22.49  C +0.18%  R 25.55 – 11.03  Y +30.31%

 

CHINA (Hong Kong dollar)

Jianshe    P 13.96  C +0.22%  R 19.20 – 7.72  Y -17.3%

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 6.72  C -0.44%  R 7.33 – 6.46  Y -3.5%

Hong Leong    P 8.43  C -0.59%  R 8.50 – 4.34  Y +102.14%

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

 

SOUTH KOREA (won)

KR    P 1130  C -0.44%  R 1770 – 905  Y +1.8%

Daelim    P 78,000  C -1.64%  R 98,000 – 59,600  Y +2.55%

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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