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HomeNEWSFINANCIAL18 July - motorcycle industry share price guide

18 July – motorcycle industry share price guide

A snapshot of global bike and ATV industry share performance at the trading closure on Friday 18 July 2014.

US and European stock markets finished on a stable and slightly positive note, despite a panic sell-off on Thursday after Malaysian Airlines flight MH17 was allegedly shot down over East Ukraine by pro-Russian separatists.

In America, the S&P 500 index rose by only 0.3 per cent on a weekly basis, nevertheless recovering to just 0.6 per cent below record closing highs a fortnight earlier. Harley-Davidson, however, was suffering unrelated troubles of its own. A swathe of investment analyst surveys suggested that its second-quarter domestic bike sales were going to be weaker than anticipated. In response, another 1.5 per cent was wiped of its share price by Friday. If Harley’s quarterly results — due for release imminently — are as bad as these researchers suspect, that price will be down by a lot more next week.

Although the FTSE Eurofirst 300 was up by 0.8 per cent, the only European stock in our shopping trolley to make a weekly gain was BMW. All the rest were negative. Piaggio compounded its recent downwards trend with a further three per cent fall.

The Indians failed to take much notice of what was going on elsewhere in the world and the only weekly loser there was Bajaj Auto, down by 2.5 per cent following announcement of below-par quarterly financial results. Biggest beneficiary of investor enthusiasm was TVS Motor, up by an impressive 15 per cent on the back of beating Bajaj in India’s domestic motorcycle sales charts for the first time ever over the past financial quarter.

China’s exchanges in Shanghai, Shenzhen and Hong Kong didn’t knee-jerk on Ukrainian geopolitical fisticuffs either. Apart from two exceptions, every listed bike producer made gains week-on-week. Loncin was the star performer, with an eight per cent surge on Friday bouncing it back from an earlier retreat to finish on a weekly six per cent improvement.

Japan was a different story as Thursday’s bad news took away the rising sun’s shine and caused a biggest single-session fall for several weeks. This knocked the Nikkei 225 down to a mere 0.3 per cent positive after better action in the three days before somebody demonstrated the efficacy of his Buk-M1 missile launcher. That effect was mixed on bike-related stocks. Yamaha and Kawasaki dropped while Honda and Suzuki gained fractionally.               

 


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


USA (US dollar)

Harley-Davidson    P 67.30  H 67.34  L 65.98  C +2.2%  R 74.13 – 54.83  Y +22.22%

Polaris    P 132.80  H 133.83  L 131.64  C +0.72%  R 146.99 – 102.23  Y +30.79%

Arctic Cat    P 36.91  H 37.16  L 36.50  C +0.57%  R 61.13 – 31.95  Y -24.93%

US Highland    P 0.50  H 0.50  L 0.49  C +117.39%  R 0.59 – 0.22  Y N/A

Viper    P 0.01  H 0.01  L 0.01  C -50%  R 0.05 – 0.001  Y -72.22%

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 26.48  H 26.67  L 26.115  C +0.42%  R 31.98 – 25.10  Y -2%

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 93.84  H 94.32  L 93.15  C +0.12%  R 96.10 – 70.07  Y +33.83%

Piaggio    P 2.30  H 2.35  L 2.28  C -1.46%  R 3.092 – 1.912  Y +13.19%

KTM    P 94.00  H 95.60  L 94.00  C -1.31%  R 99.00 – 50.15  Y +89.29%

VW    P 184.00  H 184.25  L 182.05  C -0.02%  R 198.43 – 162.00  Y +14.63%

Notes: Volkswagen is the owner of Ducati Motor Holding
 


INDIA (rupee)

Hero    P 2504.50  H 2524.95  L 2426.65  C +2.41%  R 2787.70 – 1730.00  Y +49.4%

Bajaj    P 2081.25  H 2090.00  L 2051.50  C -0.31%  R 2364.85 – 1680.05  Y +8.16%

TVS    P 170.95  H 174.50  L 169.25  C -1.36%  R 176.95 – 28.10  Y +440.15%  

Eicher    P 8565.05  H 8695.00  L 8525.00  C -1.47%  R 9090.00 – 2965.00  Y +124.29%

Mahindra    P 1183.65  H 1193.80  L 1172.00  C +0.02%  R 1278.17 – 739.84  Y +36.21%

Maharashtra    P 718.40  H 762.00  L 705.00  C +1.97%  R 762.00 – 326.65  Y +97.19%

Scooters India    P 28.15  H 29.80  L 28.00  C -1.4%  R 36.75 – 13.50  Y +42.53%

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 243.00  H 243.00  L 234.01  C +2.1%  R 328 – 190  Y N/A

Pak Suzuki    P 288.70  H 292.95  L 287.25  C -1.21%  R 300.40 – 119.00  Y N/A

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


JAPAN (yen)

Honda    P 3569  H 3576  L 3521  C -0.89%  R 4385 – 3292  Y -5.83%

Yamaha    P 1744  H 1747  L 1730  C -1.36%  R 1865 – 1240  Y +26.08%

Suzuki    P 3280  H 3335  L 3224  C -0.94%  R 3465 – 2054  Y +33.34%

Kawasaki    P 390  H 392  L 388  C -1.27%  R 496 – 328  Y +16.55%
 


CHINA (yuan)

Qianjiang    P 6.11  H 6.11  L 6.00  C +0.16%  R 6.86 – 4.40  Y +14.85%

Qingqi    P 4.19  H 4.26  L 4.14  C +0.24%  R 4.80 – 3.34  Y N/A

Zongshen    P 4.89  H 4.94  L 4.85  C N/A  R 5.77 – 3.92  Y +6.71%   

Sundiro    P 4.03  H 4.06  L 3.99  C N/A  R 4.40 – 3.42  Y +16.81%

Jialing    P 5.94  H 5.99  L 5.72  C +2.77%  R 6.47 – 2.90  Y N/A  

Lifan    P 7.79  H 7.98  L 7.52 C +2.64%  R 8.09 – 5.25  Y +53.09%
 
Loncin    P 11.01  H 11.22  L 10.15  C +7.94%  R 11.22 – 7.31  Y +46.99%

Linhai    P 6.91  H 7.16  L 6.90  C -1%  R 7.35 – 4.65  Y +42.77%

 


CHINA (Hong Kong dollar)

Jianshe    P 6.01  H 6.01  L 5.96  C +0.17%  R 6.80 – 5.16  Y N/A  

Guangzhou Auto    P 9.05  H 9.10  L 8.74  C +0.22%  R 10.94 – 6.72  Y +25.99%

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 0.415  H 0.43  L 0.41  C -3.49%  R 0.66 – 0.40  Y –18.63%

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 32.10  H 32.50  L 32.05  C -1.23%  R 63.00 – 25.20  Y +9.7%

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


MALAYSIA (ringgit)

Oriental Holdings    P 7.90  H 7.90  L 7.81  C +1.15%  R 10.04 – 6.95  Y -18.74%

Hong Leong    P 6.70  H 6.70  L 6.68  C +0.15%  R 7.00 – 4.75  Y +38.05%

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 7650  H 7700  L 7575  C +0.66%  R 8050 – 5100  Y +18.46%

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 1120  H 1125  L 1070  C +3.23%  R 1495 – 425  Y +143.48%

Daelim    P 82,900  H 84,700  L 82,300  C -1.43%  R 110,000 – 77,000  Y +2.84%

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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