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22 JANUARY: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICEs

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 22 January 2016.

A wild week for equities markets all over the world kicked off on Monday with benchmark crude oil prices plunging well below $30 a barrel and confirmation that Chinese economic growth last year had indeed stumbled. Investors were seriously spooked, initiating a panic sell-off. Stocks dropped into “bear” territory as bulls ran for cover.

It didn’t last though. Dovish remarks from various central bankers calmed everything down and the crude price headed upwards. By Friday, markets had all bounced back and the apocalypse was cancelled. New York’s S&P 500 ended with 0.95% positivity. Polaris Industries matched that week-on-week but Harley, after an earlier foray below $39, finished flat.

On our side of the pond, the Eurofirst 300 recovered faster to close with a 2.72% gain. Teutonic motorcycle-related stocks cheerfully followed but nobody told the Italians. Piaggio continued to decline.

Elsewhere, Indian and Chinese bike manufacturers generally recouped their losses. But the same cannot be said for Japan. Despite a 5.9% jump for the Nikkei 225 on Friday, its largest one-day rise for four months, the index still suffered a third successive weekly fall — of 1.1%. All four Japanese bike brands were down accordingly.

                                          

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

 

USA (US dollar)

Harley-Davidson    P 40.73  C +0.15%  R 66.28 – 38.88  Y -35.89%

Polaris    P 81.95  C +1.34%  R 158.24 – 76.65  Y -38.75%

Arctic Cat    P 12.33  C -3.97%  R 39.72 – 11.46  Y -59.42%

US Highland    P 0.21  C -6.82%  R 1.05 – 0.11  Y N/A

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

Confederate    P 0.15  C +0.54%  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 15.66  C +3.43%  R 29.80 – 14.70  Y -32.24%

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 20.95  C -0.24%  R 28.75 – 19.15  Y -22.84%

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

 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.39  C -1.28%  R 0.85 – 0.38  Y -15.38%

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

 

INDONESIA (rupiah)

Astra    P 5900  C +0.85%  R 8575 – 4975  Y -24.47%

Indomobil    P 2145  C +2.63%  R 4200 – 1860  Y -44.84%

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 80.10  C +1.95%  R 123.75 – 72.05  Y -19.77%

Daimler    P 66.64  C +1.58%  R 96.07 – 62.05  Y -13.57%

VW    P 125.31  C +1.47%  R 254.99 – 95.00  Y -35.7%

KTM    P 128.50  C +2.8%  R 140.00 – 99.69  Y -2.02%

Piaggio    P 1.86  C +7.59%  R 3.18 – 1.72  Y -29.39%

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

 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 395.00  C +2.6%  R 414.80 – 311.37  Y N/A

Pak Suzuki    P 505.15  C +0.59%  R 532.00 – 330.00  Y N/A

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

 

INDIA (rupee)

Hero    P 2591.50  C +4.92%  R 2937.00 – 2251.30  Y -8.47%

Bajaj    P 2318.85  C +2.02%  R 2656.00 – 1912.50  Y -3.13%

TVS    P 285.65  C +4.21%  R 316.50 – 201.00  Y -6.1% 

Eicher    P 16,472.50  C +5.92%  R 21,620.00 – 13,900.10  Y +9.1%

Mahindra    P 1198.90  C +5.29%  R 1442.05 – 1092.15  Y -11.14%

Maharashtra    P 1164.10  C +2.09%  R 1619.00 – 785.85  Y +22.53%

Scooters India    P 27.40  C +3.98%  R 35.05 – 21.75  Y -13.02%

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 3351  C +5.98%  R 4499 – 3161  Y -6.98%

Yamaha    P 2340  C +4.98%  R 3245 – 2108  Y -4.73%

Suzuki    P 3294  C +6.16%  R 4780.5 – 3101  Y -10.81%

Kawasaki    P 363  C +6.76%  R 647 – 340  Y -32.56%

 

CHINA (yuan)

Qianjiang    P 8.46  C +0.71%  R 17.11 – 5.55  Y +29.95%

Zongshen    P 10.27  C +1.58%  R 30.15 – 8.80  Y +14.12%  

Sundiro    P 5.71  C N/A  R 12.69 – 4.84  Y N/A [Trading halted]

Jialing    P 6.55  C +2.34%  R 16.34 – 5.27  Y -11.37% 

Lifan    P 11.04  C -0.27%  R 27.99 – 8.31  Y +21.32%

Loncin    P 17.50  C +2.82%  R 39.48 – 13.00  Y +21.42%

Linhai    P 10.48  C +0.1%  R 14.71 – 8.58  Y +13.67%

GAG    P 20.04  C -2.05%  R 24.85 – 8.03  Y +142.69%

 

CHINA (Hong Kong dollar)

Jianshe    P 17.00  C +2.41%  R 19.99 – 6.85  Y +125.17%

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 6.68  C +0.15%  R 7.93 – 6.48  Y -2.41%

Hong Leong    P 5.69  C +1.79%  R 6.30 – 4.30  Y +35.86%

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

 

SOUTH KOREA (won)

KR    P 1150  C +3.14%  R 1770 – 905  Y +11.65%

Daelim    P 69,900  C +3.86%  R 98,000 – 50,400  Y +30.9%

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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