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HomeNEWSFINANCIAL18 MARCH: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

18 MARCH: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 18 March 2016.

With New York’s S&P 500 index up again — by 1.12% — US investors enjoyed a fifth consecutive week of gains, led by financial and industrial stocks. Among the latter were Harley-Davidson and Polaris, with Harley climbing back up close to the 50-buck mark.

Europe wasn’t so optimistic as the eurozone’s Eurofirst 300 fell by 0.32%. BMW bucked that trend easily on the coat-tails of an excellent full-year financial results announcement mid-week and Daimler was also positive. VW, now faced with a Europe-wide legal action by disgruntled shareholders on top of its other emission scandal woes, declined slightly. Piaggio was down too, by 1.6%.

Stronger negative waves affected Japan as the yen reached a 17-month high against the US dollar, spreading gloom among exporters. Tokyo’s Nikkei 225 went south by 1.26%, its fourth successive weekly fall. The Japanese quartet of motorcycle brands all headed south too.

In major emerging markets, India’s BSE Sensex 30 was 0.95% down, as were four of that nation’s seven listed motorcycle manufacturers. Royal Enfield parent Eicher suffered a serious decline, falling by 8%, but the rest were fairly marginal. Chinese sentiment was much brighter, with Shanghai’s Composite benchmark soaring by 5.15%. All six bike producers with actively-trading shares did very well. Three are still languishing under stock-exchange suspensions.

                                

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

 

USA (US dollar)

Harley-Davidson    P 49.60  C +1.79%  R 62.96 – 36.36  Y -17.73%

Polaris    P 99.72  C +1.18%  R 156.35 – 67.80  Y -29.08%

Arctic Cat    P 17.32  C +3.65%  R 39.00 – 8.90  Y -53.03%

US Highland    P 0.07  C +8.33%  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 18.95  C +17.92%  R 29.80 – 13.76  Y -21.98%

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 +2.55%  R 28.75 – 19.15  Y -17.96%

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

 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.44  C +4.82%  R 0.85 – 0.36  Y -3.33%

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

 

INDONESIA (rupiah)

Astra    P 7450  C +1.71%  R 8575 – 4975  Y -4.92%

Indomobil    P 2080  C -0.95%  R 4200 – 1860  Y N/A

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 81.37  C +0.45%  R 118.85 – 65.99  Y -28.54%

Daimler    P 67.14  C +0.66%  R 92.70 – 57.01  Y -24.79%

VW    P 129.40  C -0.36%  R 245.35 – 95.00  Y -45.09%

KTM    P 129.95  C +0.35%  R 132.90 – 99.69  Y +1.07%

Piaggio    P 1.87  C -0.95%  R 3.18 – 1.56  Y -31.18%

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

 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 370.00  C -3.88%  R 414.80 – 311.37  Y N/A

Pak Suzuki    P 436.00  C -0.04%  R 532.00 – 330.00  Y N/A

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

 

INDIA (rupee)

Hero    P 2831.00  C +0.35%  R 2859.00 – 2251.30  Y +11.22%

Bajaj    P 2303.35  C +1.47%  R 2656.00 – 1912.50  Y +19.01%

TVS    P 287.40  C +1.25%  R 309.80 – 201.00  Y +8.52% 

Eicher    P 18,413.45  C +2.09%  R 21,620.00 – 13,900.10  Y +14.96%

Mahindra    P 1222.55  C +2.01%  R 1442.05 – 1091.25  Y +5.9%

Maharashtra    P 1281.60  C +2.35%  R 1619.00 – 826.10  Y +47.78%

Scooters India    P 25.70  C +1.58%  R 35.05 – 21.75  Y -13.47%

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 3058  C -1%  R 4499 – 2726  Y -24.01%

Yamaha    P 1796  C -3.54%  R 3245 – 1593  Y -37.69%

Suzuki    P 3018  C -0.49%  R 4780.5 – 2662.5  Y -16.48%

Kawasaki    P 321  C -3.31%  R 647 – 269  Y -47.43%

 

CHINA (yuan)

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

Zongshen    P 9.49  C +5.68%  R 30.15 – 8.08  Y -38.1%  

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 10.19  C +6.48%  R 27.99 – 8.05  Y -12.77%

Loncin    P 17.64  C +3.89%  R 39.48 – 13.00  Y -3.44%

Linhai    P 10.35  C +4.23%  R 14.71 – 8.41  Y -4.61%

GAG    P 19.40  C +2.32%  R 24.85 – 9.63  Y +94.15%

 

CHINA (Hong Kong dollar)

Jianshe    P 14.78  C +3.43%  R 19.99 – 7.61  Y +92.95%

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 6.82  C +0.29%  R 7.93 – 6.48  Y +1.98%

Hong Leong    P 6.78  C +5.94%  R 6.85 – 4.40  Y +62.26%

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

 

SOUTH KOREA (won)

KR    P 1140  C N/A  R 1770 – 905  Y -15.56%

Daelim    P 85,500  C +3.26%  R 98,000 – 59,600  Y +31.52%

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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