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HomeNEWSFINANCIAL20 NOVEMBER: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

20 NOVEMBER: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 20 November 2015.

 

Equity investors on both sides of the Atlantic became increasingly relaxed about monetary policies in the past week, driving stocks in a solidly upward direction. In America, they have now come to terms with the prospect of an imminent US Federal Reserve interest rate hike, as demonstrated by a 3.35% weekly lift in New York’s S&P 500 index. Harley-Davidson benefited mightily from that confidence, its share price rising by 5.8% to creep just above the 50-buck mark for the first time in more than a month. But Polaris dropped fractionally.

Similarly, the eurozone’s Eurofirst 300 added 3.23%, its biggest weekly gain since mid-October, on the back of anticipated further aggressive easing by the European Central Bank. All three big German automotives followed that positive market trend, including even naughty-step resident VW. However, KTM and Piaggio posted very marginal declines.

Japan, as the other developed global financial centre, was also optimistic with a fifth successive weekly improvement — 1.44% up — for the Nikkei 225. Honda, Yamaha and Kawasaki cashed in but Suzuki didn’t.

As for the emerging world, India’s stock movement consensus was positive overall. Royal Enfield parent Eicher put in the best performance, recovering by 5% from a string of recent losses. Only dominant indigenous player Hero MotoCorp and TVS were fall-guys among the big league. China was equally perky, with the majority of its motorcycle manufacturers consolidating recent gains and an absence of volatility.                                 

 

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

 

USA (US dollar)

Harley-Davidson    P 50.29  C +0.96%  R 70.41 – 46.47  Y -25.26%

Polaris    P 105.47  C +0.41%  R 159.21 – 102.12  Y -31.31%

Arctic Cat    P 21.58  C +2.52%  R 39.72 – 16.60  Y -33.81%

US Highland    P 0.14  C -40.43%  R 1.05 – 0.13  Y +7.69%

Viper    P 0.001  C N/A  R N/A  Y N/A

Confederate    P 0.15  C N/A  R 0.52 – 0.06  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 22.78  C -0.09%  R 29.80 – 20.67  Y -14.46%

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 22.10  C N/A  R 31.60 – 19.15  Y -26.21%

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

 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.47  C -2.11%  R 0.85 – 0.40  Y +2.2%

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

 

INDONESIA (rupiah)

Astra    P 6300  C +0.8%  R 8575 – 4975  Y -6.29%

Indomobil    P 2605  C N/A  R 4200 – 2550  Y -26.2%

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 98.86  C +0.2%  R 123.75 – 72.05  Y +15.82%

Daimler    P 79.02  C +0.64%  R 96.07 – 62.05  Y +26.55%

VW    P 121.89  C -2.78%  R 254.99 – 95.00  Y -29%

KTM    P 122.00  C N/A  R 141.00 – 99.69  Y -2.96%

Piaggio    P 2.32  C +0.52%  R 3.18 – 2.10  Y +3.74%

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

 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 407.99  C +1.77%  R 414.80 – 286.90  Y N/A 

Pak Suzuki    P 464.20  C -0.69%  R 493.00 – 327.00  Y N/A

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

 

INDIA (rupee)

Hero    P 2562.85  C -1.04%  R 3271.80 – 2251.30  Y -14.43%

Bajaj    P 2476.65  C +1.99%  R 2695.00 – 1912.50  Y -5.52%

TVS    P 293.30  C -0.29%  R 322.30 – 201.00  Y +27.11%  

Eicher    P 16,416.90  C +1.55%  R 21,620.00 – 13,701.00  Y +13.47% 

Mahindra    P 1315.25  C +1.79%  R 1442.05 – 1092.15  Y +6.49% 

Maharashtra    P 1342.80  C +0.87%  R 1523.95 – 785.85  Y +44.11% 

Scooters India    P 28.50  C -2.23%  R 35.45 – 21.75  Y -7.01% 

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 4036  C -0.88%  R 4499 – 3382.5  Y +11.93%

Yamaha    P 2997  C +0.91%  R 3245 – 2108  Y +21.69%

Suzuki    P 3841  C -1.31%  R 4780.5 – 3411.5  Y +5%

Kawasaki    P 488  C -1.61%  R 647 – 398  Y +0.31%

 

CHINA (yuan)

Qianjiang    P 14.15  C +0.64%  R 17.11 – 5.55  Y +107.17%

Zongshen    P 17.04  C -0.47%  R 30.15 – 7.75  Y +84.43%   

Sundiro    P 7.39  C +0.54%  R 12.69 – 4.70  Y +38.91%

Jialing    P 9.34  C +0.43%  R 16.34 – 5.27  Y +21.93%  

Lifan    P 14.63  C -0.34%  R 27.99 – 8.31  Y +56.06% 

Loncin    P 21.29  C -0.14%  R 39.48 – 12.82  Y +58.41%

Linhai    P 13.37  C N/A  R N/A  Y N/A [Trading suspended]

Guangzhou Auto    P 22.83  C -2.93%  R 24.85 – 7.80  Y +188.24%

 

CHINA (Hong Kong dollar)

Jianshe    P 12.80  C -0.08%  R 19.99 – 6.85  Y +54.96% 

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 is the parent of Honda JV partner and own-brand bike manufacturer Wuyang. 

 

MALAYSIA (ringgit)

Oriental Holdings    P 7.16  C +1.7%  R 7.93 – 6.46  Y +1.57%

Hong Leong    P 6.13  C -0.49%  R 6.30 – 4.05  Y +39.17%

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

 

SOUTH KOREA (won)

KR    P 1010  C -0.49%  R 1600 – 882  Y +12.85%

Daelim    P 73,000  C +4.29%  R 98,000 – 50,400  Y +0.57%

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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