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18 DECEMBER: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 18 December 2015.

 

Global markets initially rallied following the US Federal Reserve’s move to raise interest rates for the first time since before the financial crisis. But such optimism faded fast as the past week progressed.

Prices in New York declined markedly on the final two days of trading, leaving the S&P 500 index up by just 0.21% week-on-week. Sinking confidence nudged Harley-Davidson down by 1.1%, almost dropping below 45 bucks. Polaris took a much bigger kicking, with a weekly loss of 9.2%.

Tokyo, which follows US sentiment somewhat slavishly, had already gone negative in the wake of Bank of Japan policy changes. As a result, the Nikkei 225 fell by 1.27%. Only Honda managed to buck that trend with a marginal share price rise. Yamaha, Suzuki and Kawasaki posted losses.

Although Europe was also turning sour towards the weekend, the eurozone’s Eurofirst 300 still managed a 1.56% improvement. Every single motorcycle-related share in Germany, Austria and Italy moved with this index direction to deliver a positive performance.

Emerging markets were hunkier. Indian motorcycle manufacturers mostly made gains and the two losers, Mahindra and Scooters India, suffered very minor reverses. China was even more upbeat, with bike producers claiming a clean price-growth sweep — apart from Linhai, which languishes in long-term punitive market suspension. 

                                

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

 

USA (US dollar)

Harley-Davidson    P 45.12  C -0.66%  R 66.85 – 45.04  Y -28.75%

Polaris    P 84.78  C -0.27%  R 158.24 – 83.51  Y -42%

Arctic Cat    P 15.67  C -0.57%  R 39.72 – 15.44  Y -49.84%

US Highland    P 0.33  C +3.13%  R 1.05 – 0.11  Y -35.29%

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

Confederate    P 0.15  C +0.54%  R 0.33 – 0.08  Y -40%

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 20.18  C -0.35%  R 29.80 – 19.89  Y -15.03%

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 22.50  C -1.32%  R 29.15 – 19.15  Y -20.63%

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

 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.45  C +3.45%  R 0.85 – 0.40  Y +7.14%

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

 

INDONESIA (rupiah)

Astra    P 6275  C -1.95%  R 8575 – 4975  Y -9.91%

Indomobil    P 2000  C +0.25%  R 4200 – 1860  Y -41.52%

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 96.01  C -2.4%  R 123.75 – 72.05  Y +9.62%

Daimler    P 76.36  C -2.62%  R 96.07 – 62.05  Y +13.69%

VW    P 138.70  C -0.17%  R 254.99 – 95.00  Y -22.37%

KTM    P 125.00  C N/A  R 141.00 – 99.69  Y -6.93%

Piaggio    P 2.24  C +1.18%  R 3.18 – 2.10  Y -0.62%

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

 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 396.90  C +1.77%  R 414.80 – 300.00  Y N/A

Pak Suzuki    P 483.00  C -2.81%  R 510.00 – 327.00  Y N/A

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

 

INDIA (rupee)

Hero    P 2643.15  C -0.44%  R 3162.00 – 2251.30  Y -13.07%

Bajaj    P 2469.55  C -2.43%  R 2656.00 – 1912.50  Y +1.83%

TVS    P 286.05  C -0.52%  R 322.30 – 201.00  Y +14.17% 

Eicher    P 16,160.30  C -0.72%  R 21,620.00 – 13,900.10  Y +10.87%

Mahindra    P 1243.30  C -0.34%  R 1442.05 – 1092.15  Y +2.689%

Maharashtra    P 1449.40  C -1.32%  R 1619.00 – 785.85  Y +47.15%

Scooters India    P 27.20  C -0.73%  R 35.45 – 21.75  Y -10.53%

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 3919  C -1.85%  R 4499 – 3420  Y +12.01%

Yamaha    P 2831  C -2.01%  R 3245 – 2108  Y +17.57%

Suzuki    P 3666  C -2.24%  R 4780.5 – 3411.5  Y +0.33%

Kawasaki    P 450  C -1.96%  R 647 – 398  Y -17.3%

 

CHINA (yuan)

Qianjiang    P 11.43  C -2.39%  R 17.11 – 5.55  Y +76.93%

Zongshen    P 14.24  C -2%  R 30.15 – 7.75  Y +49.91%  

Sundiro    P 8.46  C +2.79%  R 12.69 – 4.70  Y +54.95%

Jialing    P 10.01  C +5.04%  R 16.34 – 5.27  Y +11.97% 

Lifan    P 16.66  C -1.24%  R 27.99 – 8.31  Y +86.3%

Loncin    P 23.89  C -0.58%  R 39.48 – 12.82  Y +56.83%

Linhai    P 13.37  C N/A  R N/A  Y N/A [Suspended]

GAG    P 22.51  C +0.22%  R 24.85 – 7.80  Y +158.04%

 

CHINA (Hong Kong dollar)

Jianshe    P 16.67  C +0.73%  R 19.99 – 6.85  Y +117.91%

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 6.92  C -0.86%  R 7.93 – 6.48  Y +6.23%

Hong Leong    P 5.98  C -0.33%  R 6.30 – 4.21  Y +45.75%

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

 

SOUTH KOREA (won)

KR    P 1615  C +29.72%  R 1615 – 905  Y +63.3%

Daelim    P 65,000  C -2.26%  R 98,000 – 50,400  Y -1.81%

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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