Saturday, June 15, 2024
HomeNEWSFINANCIAL23 January - MOTORCYCLE INDUSTRY SHARE PRICE GUIDE

23 January – MOTORCYCLE INDUSTRY SHARE PRICE GUIDE

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 23 January 2015.

The big news last week was a fanfare blast of European Central Bank action, as ECB governor Mario Draghi finally unveiled an even more lavish programme of quantitative easing than analysts had predicted. The ECB is now printing new money at the rate of €60bn per month and Draghi says this will continue until annualised eurozone inflation rises above two per cent — potentially far exceeding an original estimate of €500bn in total to something like €1.1tn.

Foreign currency dealers were first off the grid, disturbed by Germany’s reiterated opposition to the move, and the euro tumbled to an 11-year low against the US dollar. Sterling also strengthened mightily vis-a-vis the euro, which isn’t going to do much for the pace of UK economic recovery given that the eurozone is our biggest export market.  

Investor reaction was swift on stock markets in all developed countries too, but in a distinctly optimistic vein as weekly indices increases amply illustrated, although US punters became circumspect towards the end of the week. New York’s S&P 500 index put on two per cent while Harley-Davidson rose by nearly three per cent but Polaris fell back a bit.

European stock exchanges, meanwhile, enjoyed a much more powerful rally, with the FTSE Eurofirst 300 index surging by five per cent. The Teutonic automotive troika with bike interests all beat that — BMW stacked on nine per cent as both Daimler and Volkswagen added six per cent. In Milan, Piaggio improved by seven per cent.

Tokyo also shared some of this euphoria with the Nikkei 225 boosted by a weekly four per cent gain to its highest close so far this year. All four Japanese motorcycle manufacturers joined the party with added value.

Elsewhere in the Far East and Asia was clouded by more local issues. India had clearly got over its excitement about the previous week’s interest rate cut and all but two of its major powered two-wheeler producers posted declines. One of these was Mahindra, possibly thanks to an announcement that it had completed acquisition of a controlling stake in French scooter brand Peugeot.

China continued with its currently frenetic and often inexplicable investment behaviour. Although the Shanghai Composite index has grown by seven per cent this month and is up by more than 60 per cent over the past 12 months, a third of listed Chinese motorcycle producers incurred losses. However, volatility meant that they all experienced fairly minor pogo-style share movements as the week progressed and it would be difficult to discern genuine trends.             

 


Price (P) High (H) Low (L) Change (C) 52-week range (R) One-year return (Y)  
 


USA (US dollar)

Harley-Davidson    P 65.00  H 66.28  L 64.99  C -0.94%  R 74.13 – 54.22  Y +3.22%

Polaris    P 135.96  H 137.02  L 134.72  C -0.64%  R 159.33 – 118.80  Y +3.63%

Arctic Cat    P 30.93  H 33.325  L 30.46  C -5.61%  R 50.10 – 30.11  Y -27.62%

US Highland    P 0.51  H 0.51  L 0.51  C N/A  R 0.60 – 0.13  Y N/A

Viper    P 0.0012  H 0.002  L 0.0012  C -40%  R 0.05 – 0.0012  Y -94%

Notes: Polaris makes Victory and Indian motorcycles, ATVs, snowmobiles, quadricycles and EVs. Arctic Cat makes ATVs and snowmobiles. US Highland makes a range of four-stroke dirt bikes. Viper Powersports produces the Diamondback Super Cruiser with a British-built 2490cc Ilmor engine.
 


CANADA (Canadian dollar)

BRP    P 23.11  H 23.32  L 22.41  C +2.8%  R 31.98 – 20.67  Y -18.34%

Notes: Bombardier Recreational Products makes Can-Am ATVs and Spyder road trikes, as well as Ski-Doo snowmobiles, Sea-Doo personal watercraft and Rotax engines for a range of applications including motorcycles — most recently Buell’s EBR superbike.
 


EUROPE (euro)

BMW    P 102.615  H 103.30  L 98.45  C +4.02%  R 103.30 – 74.74  Y +29.27%

Daimler    P 79.25  H 80.34  L 77.39  C +2.14%  R 80.34 – 55.10  Y +30.36%

Piaggio    P 2.70  H 2.708  L 2.606  C +2.97%  R 3.092 – 1.93  Y +18.84%

KTM    P 132.80  H 140.00  L 132.80  C -2.35%  R 141.00 – 70.50  Y +72.29%

VW    P 199.209  H 201.05  L 194.70  C +2.24%  R 201.05 – 147.35  Y +9.86%

Notes: Daimler has a 25 per cent stake in MV Agusta through its AMG-Mercedes subsidiary. Volkswagen is the owner of Ducati Motor Holding
 


INDIA (rupee)

Hero    P 2862.80  H 2895.60  L 2844.00  C +0.84%  R 3271.80 – 1907.00  Y +45.76%

Bajaj    P 2441.50  H 2474.00  L 2420.00  C -0.11%  R 2695.00 – 1793.20  Y +29.14%

TVS    P 306.45  H 309.40  L 300.00  C +1.95%  R 322.30 – 64.00  Y +357.36%  

Eicher    P 15,145.95  H 15,420.10  L 15,113.00  C -1.1%  R 15,785.00 – 4401.10  Y +209.41%

Mahindra    P 1361.90  H 1375.65  L 1331.30  C +2.4%  R 1433.70 – 846.25  Y +55.74%

Maharashtra    P 974.40  H 998.00  L 960.00  C +0.06%  R 1124.00 – 403.00  Y +131.32%

Scooters India    P 31.50  H 31.50  L 30.70  C -0.79%  R 38.85 – 14.20  Y +113.56%

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. Maharashtra 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 stake.
 


PAKISTAN (Pakistani rupee)

Atlas Honda    P 321.00  H 331.50  L 321.00  C -1.49%  R 355.57 – 209.00  Y N/A

Pak Suzuki    P 403.00  H 412.00  L 400.00  C -1.54%  R 432.00 – 150.11  Y N/A

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


JAPAN (yen)

Honda    P 3685  H 3712  L 3678  C +0.89%  R 4050 – 3239  Y -5.49%

Yamaha    P 2496  H 2525  L 2481  C +0.89%  R 2655 – 1265  Y +73.96%

Suzuki    P 3725.5  H 3733.5  L 3684.5  C +1.61%  R 4041 – 2497  Y +33.93%

Kawasaki    P 551  H 558  L 548  C +1.1%  R 589 – 350  Y +20.43%
 


CHINA (yuan)

Qianjiang    P 6.51  H 6.69  L 6.49  C -2.54%  R 7.89 – 4.90  Y +22.83%

Zongshen    P 9.01  H 9.27  L 8.96  C -2.07%  R 10.82 – 4.11  Y +115.82%   

Sundiro    P 5.07  H 5.14  L 5.06  C -1.17%  R 5.95 – 3.61  Y +37.77%

Jialing    P 7.39  H 7.52  L 7.35  C -1.07%  R 9.28 – 3.16  Y +124.62%  

Lifan    P 9.27  H 9.48  L 9.21  C -2.22%  R 10.64 – 6.00  Y +55.9%
 
Loncin    P 14.58  H 15.08  L 14.50  C -2.34%  R 18.81 – 8.24  Y +50.81%

Linhai    P 9.22  H 9.44  L 8.68  C +5.61%  R 11.39 – 4.98  Y +83.82%

 


CHINA (Hong Kong dollar)

Jianshe    P 7.55  H 7.59  L 7.53  C +0.8%  R 9.40 – 5.30  Y +37.27%  

Guangzhou Auto    P 7.21  H 7.25  L 7.15  C +1.84%  R 9.87 – 6.58  Y -7.96%

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. It also has JV car production partnerships with Honda and Toyota.
 


VIETNAM (Hong Kong dollar)

VMEPH    P 0.445  H 0.445  L 0.445  C N/A  R 0.69 – 0.40  Y -12.5%

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    P 27.15  H 27.35  L 27.00  C N/A  R 63.00 – 25.20  Y -42.11%

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


MALAYSIA (ringgit)

Oriental Holdings    P 7.04  H 7.06  L 7.04  C N/A  R 8.32 – 6.48  Y -9.97%

Hong Leong    P 4.43  H 4.44  L 4.35  C +1.84%  R 7.543 – 3.95  Y +1.3%

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    P 8075  H 8100  L 7800  C +4.19%  R 8100 – 6225  Y +27.53%

Notes: Astra International is a Honda JV partner. Its controlling shareholder is Jardine Matheson Holdings, a British-managed conglomerate domiciled in Hong Kong.
 


SOUTH KOREA (won)

KR    P 1030  H 1055  L 1010  C N/A  R 1495 – 520  Y +80.7%

Daelim    P 53,400  H 55,600  L 52,300  C -5.82%  R 94,700 – 52,300  Y -34.4%

Notes: KR Motors (formerly 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. (The remainder is British-owned, by the private equity arm of Standard Chartered Bank.)

RELATED ARTICLES

Product News

Telly king Cole back on the box

Shed and Buried is back for a sixth series this summer, with Henry Cole, Allen Millyard and friends back in action, reviving vintage bikes,...