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HomeNEWSFINANCIAL23 May - Motorcycle industry share price guide

23 May – Motorcycle industry share price guide

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 23 May 2014.

Overall, US equities reached a reassuringly muscular close by Friday, with the S&P 500 index set to beat its previous high this year. Polaris illustrated this trend with a 1.6 per cent weekly gain, while Harley didn’t — down by 1.8 per cent.

The pan-European FTSE Eurofirst 300 was also positive at a six-year peak, reflected more accurately by matching value growth for three of our listed four motorcycle-related stocks in Europe. Only Piaggio bucked the norm with a 2.1 per cent decline.

India, meanwhile, was bullish to an extreme degree, in the wake of a resounding BJP election victory. Bike share prices rocketed upwards, with the singular exception of Bajaj. That country’s pair of golden motorcycle stocks, TVS and Eicher, both hit all-time-record highs during the week.

More optimistic views of the Chinese economy also prevailed. Every quoted motorcycle manufacturer on the mainland Shanghai and Shenzhen exchanges cashed in on renewed investor enthusiasm. Yamaha’s leading joint-venture partner in China, Jianshe, breathed a corporate sigh of relief too. The company announced that it had received approval from Shenzhen market regulators to withdraw a delisting risk warning that had been in place since an extended period of trading suspension last year for non-compliant reporting practices.

In Japan, the Nikkei 225 Average surged to a three-week sweet spot in response to better news from China and the US. Honda and Suzuki were clear beneficiaries, the former recovering by 0.8 per cent over the week after a prolonged gradual slide. But the latter put that in the shade, up by a splendid 7.3 per cent.    
 


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


USA (US dollar)

Harley-Davidson    P 70.71  H 71.37  L 70.29  C -1.3%  R 74.13 – 49.15  Y +29.39%

Polaris    P 130.50  H 130.728  L 128.07  C +1.63%  R 146.99 – 91.05  Y +43.81%

Arctic Cat    P 37.27  H 37.39  L 36.43  C +1.53%  R 61.13 – 31.95  Y -20.12%

US Highland    P 0.43  H 0.47  L 0.0.43  C +7.5%  R 0.47 – 0.22  Y +22.86%

Viper    P 0.013  H 0.013  L 0.013  C -40.91%  R 0.10 – 0.001  Y -68.29%

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


CANADA (Canadian dollar)

BRP    P 28.89  H 29.00  L 28.59  C +0.77%  R 31.98 – 23.41  Y +16.68%

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 89.70  H 90.00  L 89.21  C +0.34%  R 94.39 – 63.82  Y +30.05%

Piaggio    P 2.60  H 2.612  L 2.56  C N/A  R 3.092 – 1.871  Y +25.6%

KTM    P 85.00  H 85.00  L 84.00  C +1.8%  R 85.00 – 50.15  Y N/A

VW    P 191.43  H 191.85  L 188.70  C +1.17%  R 198.43 – 142.05  Y +19.25%

Notes: Volkswagen is the owner of Ducati Motor Holding
 


INDIA (rupee)

Hero    P 2349.20  H 2362.00  L 2311.00  C +1.68%  R 2787.70 – 1563.60  Y +48.38%

Bajaj    P 1976.25  H 2014.00  L 1965.00  C -0.53%  R 2195.00 – 1680.05  Y +12.13%

TVS    P 132.05  H 137.80  L 129.90  C +2.4%  R 137.80 – 28.10  Y +264.73%  

Eicher    P 7442.85  H 7500.00  L 7218.90  C 2.07%  R 7500.00 – 2965.00  Y +108.89%

Mahindra    P 1159.30  H 1165.90  L 1126.00  C +1.91%  R 1183.90 – 740.15  Y +21.53%

Maharashtra    P 522.55  H 527.95  L 514.95  C +1.89%  R 545.90 – 326.65  Y +34.65%

Scooters India    P 25.85  H 25.85  L 25.85  C +4.87%  R 25.85 – 13.50  Y +18.85%

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 252.35  H 256.00  L 252.35  C -0.26%  R 328.00 – 180.11  Y N/A

Pak Suzuki    P 205.00  H 209.00  L 205.00  C -1.8%  R 232.64 – 119.00  Y N/A

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


JAPAN (yen)

Honda    P 3502  H 3529  L 3453  C +0.84%  R 4385 – 3292  Y -11.85%

Yamaha    P 1555  H 1573  L 1541  C +0.45%  R 1779 – 1217  Y -7.41%

Suzuki    P 3003  H 3009  L 2931  C +2.28%  R 3009 – 2051  Y +11.98%

Kawasaki    P 370  H 374  L 368  C +1.37%  R 496 – 283  Y +4.43%
 


CHINA (yuan)

Qianjiang    P 5.34  H 5.35  L 5.29  C +0.38%  R 6.54 – 4.27  Y +10.34%

Qingqi    P 3.84  H 3.84  L 3.78  C +0.52%  R 5.19 – 3.34  Y N/A

Zongshen    P 5.05  H 5.05  L 5.00  C +0.2%  R 5.77 – 3.92  Y -0.79%   

Sundiro    P 3.73  H 3.74  L 3.69  C +0.27%  R 4.84 – 3.37  Y -15.61%

Jialing    P 4.49  H 4.54  L 4.40  C -0.22%  R 5.00 – 2.90  Y +11.41%  

Lifan    P 6.51  H 6.52  L 6.39  C +1.56%  R 7.64 – 5.11  Y +4.04%

Loncin    P 8.52  H 8.54  L 8.30  C +0.47%  R 11.10 – 6.78  Y -15.63%

Linhai    P 5.78  H 5.83  L 5.71  C +0.52%  R 7.00 – 4.42  Y -1.7%

 


CHINA (Hong Kong dollar)

Jianshe    P 5.73  H 5.80  L 5.69  C -0.35%  R 6.80 – 5.16  Y N/A  

Guangzhou Auto    P 7.52  H 7.80  L 7.51  C -3.71%  R 10.94 – 6.48  Y -6.57%

Notes: Qianjiang owns both the exported Keeway brand and the formerly Italian Benelli brand. Qingqi is a Suzuki JV partner, a Peugeot scooter contractor and also makes Qingqi and Sinnis branded bikes. 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 0.405  H 0.405  L 0.40  C -1.22%  R 0.66 – 0.40  Y –37.69%

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 27.10  H 27.70  L 26.65  C +2.07%  R 63.00 – 25.00  Y -1.91%

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


MALAYSIA (ringgit)

Oriental Holdings    P 7.60  H 7.69  L 7.57  C -1.3%  R 10.40 – 6.95  Y -26.3%

Hong Leong    P 6.64  H 6.66  L 6.64  C -0.15%  R 6.80 – 4.35  Y +57.34%

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 7500  H 7550  L 7450  C -1.32%  R 8050 – 5100  Y +7.26%

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 1085  H 1115  L 1000  C +7.43%  R 1495 – 414  Y +115.28%

Daelim    P 82,500  H 83,800  L 82,500  C -0.24%  R 110,000 – 77,000  Y -6.57%

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.)
 

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