19 July – motorcycle industry share price guide

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 19 July 2013.

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Top stock in the US is undoubtedly Polaris, which has put on 40 per cent in the past year to finally climb over the $100 mark — driven by anticipated success for its Indian motorcycle brand relaunch and resurging ATV sales. In Europe, meanwhile, Piaggio must be one of the few Italian blue-chip propositions still showing a reasonable return for investors and remaining profitable, thanks to its strong presence in Indian and Asian markets fending off domestic sales disaster in Italy and other Southern European countries. In Japan, the impressive ongoing bounce-back in share value for the Big Four bike brands is being driven by a weaker yen promising plumper export profits.  

    Daily high    Daily low    Last trade    Change    52-week range    One-year return

USA (US dollar)

Harley-Davidson       59.37     55.43     55.87     -0.68%     59.84 – 37.84     +29.1%

Polaris       103.30     102.48     102.99     -0.17%     103.539 – 69.62     +40.44%

Arctic Cat       50.20     49.52     49.62     -1.25%     52.19 – 32.12     +32.71%

US Highland       N/A     N/A     0.30     N/A     1.50 – 0.25     N/A

Viper Powersports       N/A     N/A     0.036     N/A     0.30 – 0.015     -86.67%

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 produces the Diamondback Super Cruiser with a British-built 2490cc Ilmor engine.

CANADA (Canadian dollar)

BRP       27.40     27.00     27.02     +0.07%     27.49 – 21.50     N/A

Notes: Bombardier Recreational Products makes Can-Am ATVs and Spyder road trikes, as well as Ski-Doo snowmobiles, Sea-Doo personal watercraft and Rotax proprietary engines for a range of powersports applications.
 

EUROPE (euro)

BMW       72.65     71.44     72.23     +0.68%     76.16 – 54.35     +28.43%

Piaggio       2.038     2.004     2.032     +0.59%     2.28 – 1.702     +17.11%

KTM       51.88     50.25     50.25     -1.47%     57.19 – 43.00     +17.8%

Volkswagen       165.05     163.84     163.997     -0.55%     175.65 – 120.95     +27.73%

Notes: Volkswagen is the owner of Ducati Motor Holding
 

INDIA (rupee)

Hero MotoCorp       1794.50     1730.00     1772.90     +2.38%     2097.35 – 1434.05     -12.88%

Bajaj       1887.00     1845.60     1869.65     -0.37%     2229.00 – 1423.10     +27.71%

TVS       32.75     31.50     32.30     +1.89%     50.25 – 30.65     -16.82%  

Eicher       3943.70     3805.00     3839.65     -0.97%     3980.00 – 1900.00     +98.16%

Mahindra       899.00     869.00     879.25     +0.51%     1025.87 – 674.72     +26.9%

Maharashtra       389.90     374.95     377.60     -2.16%     555.00 – 305.00     +16.45%

Scooters India       19.75     17.70     19.75     +9.42%     42.05 – 16.00     -31.42%

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. Maharashta 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 shareholding.
 

PAKISTAN (Pakistani rupee)

Atlas Honda       191.10     190.00     191.10     +0.58%     228.00 – 95.20     +98.28%

Pak Suzuki       154.00     150.00     153.20     +3.72%     161.91 – 81.70     +42.6%

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

JAPAN (yen)

Honda       3905     3800     3875     +0.52%     4405 – 2294     +59.73%

Yamaha       1464     1391     1408     -2.29%     1825 – 625     +108.98%

Suzuki       2560     2454     2483     -2.24%     2919 – 1331     +76.36%

Kawasaki       350     332     340     -2.02%     401 – 151     +84.83%
 

CHINA (yuan)

Qianjiang       5.75     5.31     5.32     +0.76%     5.75 – 3.65     +30.8%

Zongshen       4.75     4.56     4.61     -2.12%     6.27 – 4.35     -22.41%  

Sundiro       3.56     3.43     3.45     -2.27%     5.35 – 3.37     -29.92%

Jialing       N/A     N/A     3.93     N/A     4.68 – 2.14     N/A  [Trading suspended]

Lifan       5.49     5.27     5.28     -2.94%     7.38 – 5.11     -15.49%

Loncin       8.09     7.66     7.67     -3.88%     13.60 – 6.28     N/A

Linhai       4.94     4.81     4.84     -0.41%     6.59 – 4.42     -9.7%

CHINA (Hong Kong dollar)

Jianshe       N/A     N/A     1.28     N/A     N/A     N/A  [Trading suspended]

Guangzhou Auto       7.42     7.16     7.34     -1.34%     9.15 – 4.75     +35.36%

Notes: Qianjiang owns both the exported Keeway brand and the formerly Italian Benelli brand. 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.
 

VIETNAM (Hong Kong dollar)

VMEPH       0.51     0.50     0.51     +2%     0.95 – 0.49     –40.7%

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       30.10     29.55     29.55     +0.34%     30.20 – 16.75     +51.93%

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

MALAYSIA (ringgit)

Oriental Holdings       9.85     9.83     9.85     N/A     10.64 – 7.39     +32.33%

Hong Leong       5.20     5.06     5.06     -1.75%     5.20 – 3.90     +36.21%

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       6750     6550     6650     N/A     8300 – 6150     +3.71%

Notes: Astra International is a Honda JV partner.
 

SOUTH KOREA (won)

S&T       467     450     460     +2.22%     746 – 414     -24.34%

Daelim       82,300     80,200     80,700     -1.22%     105,000 – 66,900     -10.2%

Notes: 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.