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HomeNEWSFINANCIAL25 MARCH: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICEs

25 MARCH: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICEs

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 25 March 2016.

A week shortened for celebration of Eastra, the ancient Saxon goddess of springtime, ovulation and fecundity (or possibly some other religious nonsense), saw muted trading in most developed markets. However, much of that turned negative in the face of oil price recovery fading thanks to US dollar resurgence.

New York’s run of five consecutive weekly gains for the S&P 500 index clipped the kerb and crashed, dropping by 0.7%. That also ended Harley-Davidson’s recent pretension towards improving times, as its share price fell by 3.5%. Polaris fared slightly better, only 1.8% down.

The eurozone’s Eurofirst 300 was ridden downhill too, by 1.9%. All three big German automotives declined. KTM and Piaggio, both domiciled in devoutly Papist countries, were dead flat week-on-week as Austrian and Italian investors got into their god-bothering early.

Japanese shares were actually propped up by the stronger dollar, though, because the conversely weakening yen is an instant export-booster. Tokyo’s Nikkei 225 finished positive by 1.7%. Honda, Yamaha and Kawasaki enjoyed rising stock prices. Suzuki was very marginally negative.

Of course, an oil price fall suits emerging markets which are net energy importers. India was certainly buoyed by the prospect of cheaper black gold. The BSE Sensex 30 put on 2.65% and all five major Indian motorcycle manufacturers’ shares climbed. China wasn’t quite so enthusiastic, with a Shanghai Composite hike of just 0.81%. But six listed bike producers still trading on the exchanges there generally did much better than that. Three others remain suspended.                                

          

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

 

USA (US dollar)

Harley-Davidson    P 47.86  C -1.05%  R 62.96 – 36.36  Y -17.31%

Polaris    P 97.91  C +1.76%  R 156.35 – 67.80  Y -29.89%

Arctic Cat    P 16.23  C +2.85%  R 39.00 – 8.90  Y -55.1%

US Highland    P 0.07  C +27.27%  R 1.05 – 0.06  Y -88.33%

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

Confederate    P 0.15  C +25%  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 19.64  C +0.41%  R 29.80 – 13.76  Y -17.69%

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 21.60  C -0.92%  R 28.75 – 19.15  Y -19.55%

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

 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.43  C N/A  R 0.85 – 0.36  Y -4.49%

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

 

INDONESIA (rupiah)

Astra    P 7375  C -0.34%  R 8575 – 4975  Y -7.03%

Indomobil    P 2000  C -1.48%  R 4200 – 1860  Y -47.9%

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 80.05  C -0.93%  R 118.85 – 65.99  Y -28.99%

Daimler    P 66.45  C -0.92%  R 92.70 – 57.01  Y -22.96%

VW    P 127.20  C -2.18%  R 245.30 – 95.00  Y -44.72%

KTM    P 129.95  C N/A  R 131.50 – 99.69  Y +3.61%

Piaggio    P 1.87  C -0.53%  R 3.18 – 1.56  Y -31.68%

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

 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 366.00  C -1.08%  R 414.80 – 311.37  Y N/A

Pak Suzuki    P 398.03  C -0.49%  R 532.00 – 330.00  Y N/A

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

 

INDIA (rupee)

Hero    P 2871.40  C +0.35%  R 2914.70 – 2251.30  Y +14.3%

Bajaj    P 2356.40  C +1.97%  R 2656.00 – 1912.50  Y +21.81%

TVS    P 309.45  C -2.46%  R 318.50 – 201.00  Y +15.35% 

Eicher    P 18,554.05  C +1.74%  R 21,620.00 – 13,900.10  Y +20.43%

Mahindra    P 1249.35  C -0.3%  R 1442.05 – 1091.25  Y +6.11%

Maharashtra    P 1223.25  C -0.13%  R 1619.00 – 826.10  Y +48.41%

Scooters India    P 25.15  C N/A  R 35.05 – 21.75  Y +1.82%

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 3093  C +2.83%  R 4499 – 2726  Y -21.02%

Yamaha    P 1805  C +3.14%  R 3245 – 1593  Y -33.52%

Suzuki    P 3010  C +2.31%  R 4780.5 – 2662.5  Y -17.31%

Kawasaki    P 322  C +2.88%  R 647 – 269  Y -46.41%

 

CHINA (yuan)

Qianjiang    P 8.58  C N/A  R 17.11 – 5.55  Y N/A [Trading halted]

Zongshen    P 10.16  C +7.86%  R 30.15 – 8.08  Y -34.46%  

Sundiro    P 5.71  C N/A  R 12.69 – 4.89  Y N/A [Trading halted]

Jialing    P 7.38  C N/A  R 16.34 – 5.27  Y N/A [Trading halted]

Lifan    P 10.69  C -1.75%  R 27.99 – 8.05  Y -10.07%

Loncin    P 18.62  C +3.27%  R 39.48 – 13.00  Y -1.53%

Linhai    P 10.44  C +2.15%  R 14.71 – 8.41  Y -8.42%

GAG    P 19.93  C +0.45%  R 24.85 – 9.73  Y +105.37%

 

CHINA (Hong Kong dollar)

Jianshe    P 14.96  C N/A  R 19.99 – 7.72  Y +85.84%

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 6.73  C N/A  R 7.93 – 6.48  Y +2.74%

Hong Leong    P 6.88  C +1.47%  R 7.05 – 4.40  Y +63.54%

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

 

SOUTH KOREA (won)

KR    P 1120  C -1.32%  R 1770 – 905  Y -19.13%

Daelim    P 89,200  C +1.83%  R 98,000 – 59,600  Y +45.92%

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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