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HomeNEWSFINANCIAL27 NOVEMBER: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

27 NOVEMBER: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 27 November 2015.

After orderly trading in China for most of the past week, fertiliser suddenly hit the fan on Friday as the Chinese Securities Regulatory Commission launched investigations into several leading brokers. Timed only a few days before the restart of initial public share offers, investors were spooked by such a move. Shanghai’s Composite index plunged by 5.5%, its largest one-day fall for three months and reminiscent of this summer’s stock bubble bursting. A consensus of listed motorcycle manufacturers therefore ended negative on a weekly basis. Stiffest final-day punishments were endured by Qianjiang and Zongshen, both nudging into 10% loss territory.

India, the other key emerging market, was much more cheerful. Among its five motorcycling majors, only Bajaj registered a slight decline. All the others were on the up, with TVS posting by far the best performance — presumably connected to its BMW Motorrad link being launched to international acclaim at EICMA a week earlier, promising a surge in export revenue.

The developed western world was stagnant by comparison. New York trading was subdued in a shortened week, owing to Thanksgiving holiday festivities, and the S&P 500 crept up by a mere 0.05%. Polaris was similarly flat but US punters obviously thought Harley-Davidson didn’t deserve its dinner, knocking the company’s share price back below 50 bucks with a 3.1% weekly loss.

As often happens, Japanese sentiment followed America and the Nikkei 225 posted a minuscule increase of 0.02%. That was reflected accurately by Japan’s big-four bike producers, all displaying an absence of significant week-on-week price movement.

Europe hardly did better overall, as witnessed by its Eurofirst 300 adding just 0.48%. But the mood in Frankfurt must have been a bit brighter because the three German automotive giants all racked on greater value than that. Unlikely star was VW, rewarded with a sharp 10.1% share price hike on the back of Germany’s federal government approving diesel cheat-fix proposals.                                    

           

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

USA (US dollar)

Harley-Davidson    P 48.73  C -2.01%  R 70.41 – 46.47  Y -28.64%

Polaris    P 105.70  C -1.33%  R 158.24 – 102.12  Y -31.46%

Arctic Cat    P 21.78  C +0.83%  R 39.72 – 16.60  Y -32.91%

US Highland    P 0.17  C +41.67%  R 1.05 – 0.11  Y +30.77%

Viper    P 0.001  C N/A  R N/A  Y N/A

Confederate    P 0.18  C +80%  R 0.52 – 0.06  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 22.70  C -0.18%  R 29.80 – 20.67  Y -18.64%

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 22.45  C +0.22%  R 30.20 – 19.15  Y -22.18%

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

 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.48  C N/A  R 0.85 – 0.40  Y N/A

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

 

INDONESIA (rupiah)

Astra    P 6225  C N/A  R 8575 – 4975  Y -9.68%

Indomobil    P 2575  C -2.09%  R 4200 – 2550  Y -24.49%

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 101.33  C +0.97%  R 123.75 – 72.05  Y +13.63%

Daimler    P 82.59  C +0.64%  R 96.07 – 62.05  Y +25.67%

VW    P 134.21  C -0.73%  R 254.99 – 95.00  Y -24.24%

KTM    P 122.00  C N/A  R 141.00 – 99.69  Y -6.45%

Piaggio    P 2.31  C -0.09%  R 3.18 – 2.10  Y +0.67%

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

 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 396.90  C +0.99%  R 414.80 – 290.11  Y N/A 

Pak Suzuki    P 476.00  C +0.79%  R 493.00 – 327.00  Y N/A

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

 

INDIA (rupee)

Hero    P 2704.45  C +0.59%  R 3271.80 – 2251.30  Y -13.12%

Bajaj    P 2447.85  C -0.01%  R 2675.55 – 1912.50  Y -5.46%

TVS    P 305.30  C +2.42%  R 322.30 – 201.00  Y +34.18%  

Eicher    P 16,596.40  C +0.67%  R 21,620.00 – 13,701.00  Y +14.67% 

Mahindra    P 1351.20  C +0.37%  R 1442.05 – 1092.15  Y +3.03% 

Maharashtra    P 1486.15  C -0.07%  R 1611.80 – 785.85  Y +45.39% 

Scooters India    P 28.30  C -0.35%  R 35.45 – 21.75  Y -7.97% 

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 4013  C -1.3%  R 4499 – 3382.5  Y +14.98%

Yamaha    P 2996  C -0.63%  R 3245 – 2108  Y +20.93%

Suzuki    P 3829  C -0.31%  R 4780.5 – 3411.5  Y +3.01%

Kawasaki    P 486  C -0.41%  R 647 – 398  Y -4.7%

 

CHINA (yuan)

Qianjiang    P 11.97  C -10%  R 17.11 – 5.55  Y +69.55%

Zongshen    P 14.90  C -9.86%  R 30.15 – 7.75  Y +48.43%   

Sundiro    P 7.36  C -5.76%  R 12.69 – 4.70  Y +34.8%

Jialing    P 10.08  C N/A  R 16.34 – 5.27  Y +28.9%  

Lifan    P 16.62  C +3.17%  R 27.99 – 8.31  Y +65.51% 

Loncin    P 21.84  C -2.19%  R 39.48 – 12.82  Y +62.5%

Linhai    P 13.37  C N/A  R N/A  Y N/A [Trading suspended]

Guangzhou Auto    P 20.68  C -6.72%  R 24.85 – 7.80  Y +155.66%

 

CHINA (Hong Kong dollar)

Jianshe    P 12.63  C -1.56%  R 19.99 – 6.85  Y +47.55% 

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 is the parent of Honda JV partner and own-brand bike manufacturer Wuyang. 

 

MALAYSIA (ringgit)

Oriental Holdings    P 7.13  C N/A  R 7.93 – 6.46  Y -0.9%

Hong Leong    P 6.08  C +1.33%  R 6.30 – 4.05  Y +39.29%

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

 

SOUTH KOREA (won)

KR    P 994  C N/A  R 1600 – 943  Y +0.1%

Daelim    P 72,800  C -1.49%  R 98,000 – 50,400  Y +8.02%

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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