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HomeNEWSFINANCIAL26 September - motorcycle industry share price guide

26 September – motorcycle industry share price guide

A snapshot of global bike and ATV industry share performance at the trading closure on Friday 26 September 2014.

Developed-world stock markets had a torrid week with volatility provoking one of the worst days on Wall Street this year. Thursday’s plunge was echoed in Europe and to a lesser extent, elsewhere. Analysts differed as to the reasons behind such negativity, variously blaming the US dollar’s strong surge in value, concerns about Russia’s reaction to increased sanctions, a US-orchestrated declaration of world war on Middle Eastern jihadis and the odd twitch about the risk of US interest rates rising sooner rather than later.

Anyway, the evidence was plain to see with New York’s S&P 500 index down by 1.92 per cent week-on-week. Harley-Davidson stock reflected that gloom excessively, briefly falling to its lowest level in the past year on Friday. Harley’s price is now more than seven per cent lower than it was at the beginning of September.

The FTSE 100 in London sank by 2.76 per cent while the pan-European FTSE Eurofirst 300 dropped by 1.7 per cent. All motorcycle-related shares in Europe followed that trend downwards.

Even the Japanese Nikkei 225 index, which had been basking in a seven-year high earlier in the week, hit the panic button after the sudden US slide and finished up 0.56 per cent down. Big Four bike shares were relatively unscathed, however.

Asian emerging markets took no notice whatsoever and both India and China remained robust, holding onto impressive gains through the month. Mahindra & Mahindra stacked on a further three per cent on Friday as Indian punters reacted to news of its imminent Peugeot scooter business acquisition. Chinese bullishness, meanwhile, was boosted by a revelation that the Shanghai stock exchange is about to admit foreign investors for the first time, a move that is likely to be followed in Shenzhen shortly. Previously, only Hong Kong’s exchange was accessible.                        

 


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


USA (US dollar)

Harley-Davidson    P 60.54  H 61.042  L 60.235  C -0.72%  R 74.13 – 60.235  Y -4.9%

Polaris    P 152.17  H 152.61  L 149.11  C +1.59%  R 152.61 – 118.80  Y +20.34%

Arctic Cat    P 35.58  H 35.99  L 35.00  C +0.88%  R 61.13 – 31.95  Y -37.32%

US Highland    P 0.45  H 0.45  L 0.45  C N/A  R 0.59 – 0.22  Y N/A

Viper    P 0.0055  H N/A  L N/A  C N/A  R 0.05 – 0.001  Y N/A

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 24.14  H 24.23  L 23.65  C +0.79%  R 31.98 – 23.51  Y -12.19%

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 85.87  H 86.20  L 84.86  C +0.99%  R 96.10 – 77.58  Y +10.28%

Piaggio    P 2.10  H 2.14  L 2.092  C -1.41%  R 3.092 – 1.92  Y +5%

KTM    P 104.00  H 104.00  L 104.00  C -0.86%  R 109.50 – 56.01  Y +81.48%

VW    P 165.64  H 166.55  L 164.41  C +0.3%  R 198.43 – 161.00  Y -0.4%

Notes: Volkswagen is the owner of Ducati Motor Holding
 


INDIA (rupee)

Hero    P 2896.90  H 2934.50  L 2844.10  C -1.23%  R 3080.00 – 1907.00  Y +46.68%

Bajaj    P 2340.80  H 2389.50  L 2297.15  C -0.43%  R 2457.00 – 1793.20  Y +20%

TVS    P 219.25  H 221.40  L 208.00  C +2.05%  R 242.50 – 35.05  Y +517.27%  

Eicher    P 11,356.75  H 11,495.00  L 10,826.35  C -0.07%  R 12,372.50 – 3466.05  Y +221.26%

Mahindra    P 1393.45  H 1400.00  L 1343.65  C +2.99%  R 1433.70 – 814.67  Y +67.05%

Maharashtra    P 868.05  H 886.00  L 846.05  C -1.1%  R 899.65 – 361.05  Y +128.67%

Scooters India    P 26.45  H 26.60  L 24.90  C +3.73%  R 36.75 – 14.20  Y +64.8%

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 304.78  H 328.00  L 304.78  C -5%  R 328 – 199.00  Y N/A

Pak Suzuki    P 282.05  H 292.99  L 281.15  C -2.07%  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 3744.5  H 3747.5  L 3713  C -1.89%  R 4385 – 3292  Y -0.23%

Yamaha    P 2129  H 2145  L 2111  C -1.89%  R 2188 – 1265  Y +45.66%

Suzuki    P 3707  H 3740  L 3670  C -1.51%  R 3827.5 – 2231  Y +56.02%

Kawasaki    P 445  H 449  L 436  C -0.45%  R 496 – 350  Y +6.1%
 


CHINA (yuan)

Qianjiang    P 7.12  H 7.13  L 7.01  C +0.85%  R 7.39 – 4.40  Y +49.89%

Qingqi    P 6.48  H 6.66  L 6.45  C -2.56%  R 6.75 – 3.34  Y N/A

Zongshen    P 7.86  H 8.19  L 7.83  C +2.48%  R 8.33 – 3.92  Y +61.05%   

Sundiro    P 5.52  H 5.70  L 5.48  C +0.18%  R 5.70 – 3.48  Y +46.83%

Jialing    P 7.55  H 7.87  L 7.53  C -1.95%  R 7.95 – 2.90  Y +118.84%  

Lifan    P 8.84  H 8.88  L 8.68  C +1.38%  R 9.63 – 5.65  Y +42.44%
 
Loncin    P 15.64  H 15.70  L 14.70  C +6.25%  R 15.70 – 7.70  Y +104.8%

Linhai    P 10.21  H 10.45  L 10.08  C -1.26%  R 10.88 – 4.80  Y +83.57%

 


CHINA (Hong Kong dollar)

Jianshe    P 7.90  H 7.90  L 7.51  C +1.41%  R 8.08 – 5.16  Y +33.22%  

Guangzhou Auto    P 7.67  H 7.78  L 7.65  C -2.42%  R 10.94 – 6.72  Y -5.84%

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 0.495  H 0.57  L 0.49  C -2.94%  R 0.69 – 0.40  Y +1.02%

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 28.50  H 28.85  L 28.10  C N/A  R 63.00 – 25.20  Y -32.36%

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


MALAYSIA (ringgit)

Oriental Holdings    P 7.70  H 7.79  L 7.63  C +0.92%  R 9.15 – 6.95  Y -12.7%

Hong Leong    P 8.41  H 8.71  L 8.30  C -2.21%  R 8.74 – 4.75  Y +61.78%

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 7000  H 7050  L 6950  C -2.44%  R 8050 – 6050  Y +10.89%

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 816  H 829  L 808  C -1.33%  R 1495 – 425  Y +44.42%

Daelim    P 80,000  H 81,600  L 79,100  C -1.48%  R 110,000 – 77,000  Y -18.03%

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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