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HomeNEWSFINANCIAL25 July - motorcycle industry share price guide

25 July – motorcycle industry share price guide

A snapshot of global bike and ATV industry share performance at the trading closure on Friday 25 July 2014.

America’s S&P 500 index bounced up and down, from a record high by Thursday to a marginally negative week-on-week close, as brokers were driven into buy-sell frenzies by quarterly results releases. On Tuesday, Harley confessed to what analysts had already guessed, by admitting that its second-quarter retail bike sales were depressingly flat. Some six per cent was knocked off its value within hours but the share price rallied a bit to finish the week five per cent in arrears.

On the same day, Polaris announced that its Indian cruiser sales had grown by a marvellous 107 per cent in the equivalent period, and Wall Street promptly went into love-fest mode. Apart from Tuesday’s record peak, Polaris stock therefore made a solid weekly gain of 12 per cent.

Knee-jerking to quarterly results also afflicted the FTSE Eurofirst 300 in Europe. But it nevertheless ended with a 0.7 per cent improvement. None of the bike-related stocks domiciled there have owned up to their April-June state of play yet.

Motorcycle manufacturers were popular buys on the Bombay Stock Exchange, where almost every stock added value. The notable and aggrieved exception was BMW Motorrad tech partner TVS, which plunged by 16 per cent week-on-week. It would be a mistake to read too much into that, however. A return to investor sanity through profit-taking is the most likely explanation. TVS is still worth more than four times its value a year ago.

In Japan, the Nikkei 225 was 1.6 per cent up to a six-month high. All four Japanese bike manufacturers benefited from investor confidence in the quality of their imminently forthcoming results statements. Chinese markets were also generally positive about powered two-wheelers as well, with eight out of ten listed producers stacking on value. And the two exceptions, Zongshen and Jianshe, didn’t fall by very much.               

 


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


USA (US dollar)

Harley-Davidson    P 63.95  H 64.71  L 63.785  C -1.07%  R 74.13 – 54.83  Y +17.18%

Polaris    P 148.39  H 149.50  L 147.38  C -0.02%  R 149.63 – 107.93  Y +62.31%

Arctic Cat    P 35.56  H 37.40  L 34.51  C -6.32%  R 61.13 – 31.95  Y -33.42%

US Highland    P 0.50  H 0.50  L 0.49  C +117.39%  R 0.59 – 0.22  Y N/A

Viper    P 0.0055  H 0.0055  L 0.001  C -17.91%  R 0.05 – 0.001  Y -87.78%

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 26.60  H 26.86  L 26.50  C -0.86%  R 31.98 – 25.10  Y -2.21%

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 94.33  H 95.78  L 93.97  C -1.04%  R 96.10 – 70.07  Y +31.19%

Piaggio    P 2.298  H 2.346  L 2.266  C +0.09%  R 3.092 – 1.912  Y +15.3%

KTM    P 95.01  H 98.00  L 94.99  C -3.05%  R 99.00 – 50.15  Y +90%

VW    P 178.69  H 181.80  L 178.69  C -1.27%  R 198.43 – 162.00  Y +10.44%

Notes: Volkswagen is the owner of Ducati Motor Holding
 


INDIA (rupee)

Hero    P 2574.70  H 2584.00  L 2524.50  C +1.44%  R 2787.70 – 1777.80  Y +45.96%

Bajaj    P 2100.75  H 2112.80  L 2084.45  C -0.38%  R 2364.85 – 1680.05  Y +5.62%

TVS    P 143.10  H 157.50  L 141.10  C -9.72%  R 179.20 – 28.10  Y +368.09%  

Eicher    P 8586.65  H 8672.65  L 8162.15  C +1.16%  R 9090.00 – 2965.00  Y +133.23%

Mahindra    P 1210.60  H 1222.00  L 1195.30  C +0.7%  R 1278.17 – 739.84  Y +36.89%

Maharashtra    P 699.95  H 705.00  L 691.05  C -0.86%  R 762.00 – 326.65  Y +92.99%

Scooters India    P 29.95  H 31.40  L 28.70  C -0.66%  R 36.75 – 13.50  Y +66.39%

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 239.99  H 245.00  L 236.10  C -0.07%  R 328 – 191.50  Y N/A

Pak Suzuki    P 281.02  H 287.00  L 280.20  C -1.03%  R 300.40 – 119.00  Y N/A

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


JAPAN (yen)

Honda    P 3573.5  H 3577.5  L 3550.5  C +0.18%  R 4385 – 3292  Y -3.59%

Yamaha    P 1773  H 1774  L 1751  C +1.2%  R 1865 – 1240  Y +25.07%

Suzuki    P 3343.5  H 3345  L 3264  C +2.48%  R 3465 – 2054  Y +38.26%

Kawasaki    P 404  H 404  L 400  C +0.75%  R 496 – 328  Y +19.67%
 


CHINA (yuan)

Qianjiang    P 6.14  H 6.16  L 6.07  C +0.33%  R 6.86 – 4.40  Y +19.92%

Qingqi    P 4.65  H 4.69  L 4.42  C +3.79%  R 4.80 – 3.34  Y N/A

Zongshen    P 4.79  H 4.79  L 4.67  C +0.42%  R 5.77 – 3.92  Y -0.23%   

Sundiro    P 4.46  H 4.75  L 4.42  C -0.89%  R 4.75 – 3.43  Y +24.58%

Jialing    P 6.17  H 6.28  L 6.12  C -1.28%  R 6.60 – 2.90  Y N/A  

Lifan    P 8.25  H 8.48  L 8.21 C -1.55%  R 9.30 – 5.25  Y +56.5%
 
Loncin    P 11.05  H 11.30  L 10.90  C +0.09%  R 11.55 – 7.31  Y +38.67%

Linhai    P 7.03  H 7.19  L 6.95  C +1.15%  R 7.47 – 4.65  Y +44.06%

 


CHINA (Hong Kong dollar)

Jianshe    P 5.95  H 6.00  L 5.93  C -0.83%  R 6.80 – 5.16  Y N/A  

Guangzhou Auto    P 9.06  H 9.07  L 8.78  C +0.89%  R 10.94 – 6.72  Y +24.6%

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 0.425  H 0.425  L 0.415  C +2.41%  R 0.66 – 0.40  Y –14.14%

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 31.75  H 32.45  L 31.70  C +0.16%  R 63.00 – 25.20  Y +5.99%

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


MALAYSIA (ringgit)

Oriental Holdings    P 7.72  H 7.79  L 7.72  C -0.9%  R 10.00 – 6.95  Y -21.79%

Hong Leong    P 6.76  H 6.78  L 6.65  C +1.05%  R 7.00 – 4.75  Y +35.02%

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 7725  H 7725  L 7550  C +0.65%  R 8050 – 5100  Y +22.38%

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 1035  H 1050  L 1025  C N/A  R 1495 – 425  Y +131.54%

Daelim    P 87,700  H 87,700  L 84,500  C +4.4%  R 110,000 – 77,000  Y -2.99%

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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