Monday, March 4, 2024
HomeNEWSFINANCIAL20 MAY: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

20 MAY: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 20 May, 2016.

Confusion reigned in developed markets last week, as a bullish economic commentary from the US Federal Reserve suggesting interest rates may rise sooner rather than later contrasted with promising news about oil price stabilisation around the 50-buck mark. New York’s S&P 500 index had been up and down like a stripper’s knickers but finally settled at a marginally positive weekly improvement of just 0.38%. Polaris approximately performed according to that with a 0.5% gain. But Harley-Davidson was clearly in the doghouse, dropping by 3.6%.

Europe wasn’t that happy either, suffering a volatile trading week, too, for broadly similar reasons. A more optimistic surge on Thursday lifted the eurozone’s Eurofirst 300, though, so it averaged a five-day 0.8% gain. That didn’t help the three big German automotive groups, who all suffered reversals. KTM was flat, right on the dot of its private buy-out offer price, which should lead to disappearance from a Vienna listing soon. Piaggio followed the market, adding 0.6%.

Over in Japan, investors celebrated a strengthening US dollar (and therefore weaker yen) by buying into exporter stocks. Tokyo’s Nikkei 225 dutifully climbed by 1.97%. Yamaha and Kawasaki both enjoyed the benefits of that sentiment. Honda and Suzuki missed out on the back of woes in their car operations. Enthusiasm for the former is marred by the as-yet not fully costed recall of 21 million cars to replace inadvertently exploding Takata airbags. The latter, meanwhile, got dragged into the vehicle emissions cheating line-up of miscreants.

Principal emerging countries were slightly negative. This state of affairs has become increasingly common in India as the Modi government fails to get a grip on liberalising the economy despite repeated promises. The Bombay Stock Exchange’s Sensex 30 declined by 0.74%. And share prices for almost every motorcycle manufacturer followed that trend. Sole exception was TVS Motor, narrowly clinging on to a plus position. China’s Shanghai Composite was down by only 0.08% — effectively flat. Winners and losers among active listed bike producers were a 40-60 split with only Loncin and Linhai smiling.

For an analysis of global share trends over the past month, see BDN’s new column in our statistics section.

                                 

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

 

USA (US dollar)

Harley-Davidson    P 43.91  C +0.23%  R 60.67 – 36.36  Y -20.79%

Polaris    P 83.88  C +1.18%  R 156.35 – 67.80  Y -41.59%

Arctic Cat    P 14.24  C +3.79%  R 35.78 – 8.90  Y -57.7%

US Highland    P 0.01  C -19.33%  R 1.00 – 0.01  Y -97.13%

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

Confederate    P 0.15  C -13.12%  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 19.04  C -0.26%  R 29.80 – 13.76  Y -29.69%

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 21.15  C -0.7%  R 26.05 – 19.15  Y -17.86%

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

 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.39  C -2.5%  R 0.80 – 0.36  Y -48.68%

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

 

INDONESIA (rupiah)

Astra    P 6350  C +1.6%  R 7950 – 4975  Y -13.64%

Indomobil    P 1605  C -1.53%  R 4100 – 1510  Y -59.25%

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 71.57  C +1.12%  R 106.55 – 65.99  Y -28.8%

Daimler    P 57.68  C +2.08%  R 91.00 – 56.35  Y -32.11%

VW    P 135.24  C +0.25%  R 232.85 – 95.00 Y -41.04%

KTM    P 122.50  C N/A  R 130.00 – 99.69  Y +3.88%

Piaggio    P 1.80  C +0.56%  R 3.18 – 1.56  Y -36.66%

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

 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 393.00  C N/A  R 414.80 – 320.05  Y N/A

Pak Suzuki    P 387.16  C +0.96%  R 532.00 – 371.00  Y N/A

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

 

INDIA (rupee)

Hero    P 2896.70  C +0.19%  R 3172.00 – 2257.20  Y +14.1%

Bajaj    P 2453.00  C +0.72%  R 2656.00 – 2123.30  Y +10.83%

TVS    P 297.50  C +0.35%  R 340.90 – 201.00  Y +32.1% 

Eicher    P 18,280.65  C +0.44%  R 21,620.00 – 14,800.00  Y -1.69%

Mahindra    P 1293.10  C -1.37%  R 1442.05 – 1091.25  Y +3.95%

Maharashtra    P 1265.45  C -2.45%  R 1619.00 – 936.60  Y +30.06%

Scooters India    P 23.25  C -1.9%  R 35.05 – 21.75  Y -12.26%

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 2948  C -0.05%  R 4499 – 2726  Y -26.76%

Yamaha    P 1849  C +1.09%  R 3245 – 1581  Y -36.22%

Suzuki    P 2724.5  C +0.7%  R 4780.5 – 2450  Y -34.56%

Kawasaki    P 329  C +1.86%  R 641 – 269  Y -44.42%

 

CHINA (yuan)

Qianjiang    P 10.54  C +0.86%  R 17.11 – 5.55  Y -12.82%

Zongshen    P 9.73  C +1.35%  R 30.15 – 8.08  Y -65.57%  

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 9.65  C +2.88%  R 27.99 – 8.05  Y -44.35%

Loncin    P 16.80  C +4.93%  R 39.48 – 13.00  Y -43%

Linhai    P 10.71  C +2.49%  R 14.71 – 8.41  Y -24.52%

GAG    P 22.89  C -1.76%  R 25.55 – 11.03  Y +76.94%

 

CHINA (Hong Kong dollar)

Jianshe    P 12.20  C -1.29%  R 19.99 – 7.72  Y -13.48%

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 6.88  C N/A  R 7.86 – 6.48  Y -9.82%

Hong Leong    P 8.08  C -1.22%  R 8.29 – 4.34  Y +78.82%

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

 

SOUTH KOREA (won)

KR    P 1135  C +0.44%  R 1770 – 905  Y +4.22%

Daelim    P 78,400  C +1.82%  R 98,000 – 59,600  Y -5.8%

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.)

RELATED ARTICLES

Product News

SHARE PRICES AND MARKET ANALYSIS

A snapshot of motorcycle and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 1...