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HomeNEWSFINANCIAL29 APRIL: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

29 APRIL: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday, 29 April, 2016.

Lacklustre quarterly financial results reporting and a raft of downbeat US economic data undermined confidence on Wall Street. The S&P 500 dropped by 0.75% as most stocks slid. Both Harley-Davidson and Polaris fell back from the previous week’s gains.

The same glum mood afflicted European bourses. The eurozone’s Eurofirst 300 finished 2.14% down. Every motorcycle-related share fell with only one surprising exception. Volkswagen, which is supposed to be a permanent resident on the naughty step for well-publicised reasons, actually added a bit.

Japan’s Nikkei 225 posted a weekly decline of 1.1%. But that masked a sudden plunge of 3.67% on Thursday caused by the Bank of Japan’s failure to introduce an anticipated batch of monetary easing to combat the remorselessly strengthening yen. Investors initiated a sell-off of exporter shares in response. All four Japanese   motorcycle manufacturers therefore suffered a serious kicking. Tokyo Stock Exchange was shut on Friday to celebrate Showa Day — nothing to do with a certain bike suspension brand, though. It marks the birth in 1926 of late (and unlamented elsewhere) Emperor Hirohito.

Emerging markets were troubled too. India’s BSE Sensex 30 fell by 0.9%, dutifully followed into negativity by virtually all Indian bike producers. However, although the Shanghai Composite index in China was 0.71% down, most Chinese bike manufacturers bucked the trend and made gains. Qianjiang was the only dunce.

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

USA (US dollar)

Harley-Davidson    P 47.83  C -0.33%  R 60.67 – 36.36  Y -13.17%
Polaris    P 97.88  C -0.7%  R 156.35 – 67.80  Y -28.52%
Arctic Cat    P 16.63  C -0.66%  R 36.62 – 8.90  Y -52.42%
US Highland    P 0.03  C -16.13%  R 1.05 – 0.02  Y N/A
Viper    P 0.0008  C N/A  R N/A  Y N/A  
Confederate    P 0.15  C N/A  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 19.95  C -2.68%  R 29.80 – 13.76  Y -26.52%
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 20.70  C +0.24%  R 27.80 – 19.15  Y -24.04%
Notes: Sanyang Motor (SYM) is the leading Taiwanese bike manufacturer.

VIETNAM (Hong Kong dollar)

VMEPH    P 0.42  C +3.7%  R 0.85 – 0.36  Y -23.64%
Notes: Vietnam Manufacturing & Export Processing Holdings, a JV partner of SYM, is the third-largest Vietnamese bike manufacturer.

INDONESIA (rupiah)

Astra    P 6725  C N/A  R 7950 – 4975  Y +1.49%
Indomobil    P 1850  C -3.39%  R 4200 – 1825  Y -55.83%
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 80.90  C -2.59%  R 110.30 – 65.99  Y -21.01%
Daimler    P 61.10  C -1.92%  R 91.00 – 57.01  Y -24.81%
VW    P 138.68  C -0.7%  R 234.00 – 95.00 Y -37.2%
KTM    P 122.50  C -0.77%  R 130.00 – 99.69  Y +1.67%
Piaggio    P 1.93  C -1.53%  R 3.18 – 1.56  Y -26.78%
Notes: Daimler’s AMG-Mercedes subsidiary has a 25% stake in MV Agusta. Volkswagen Group owns Ducati.

PAKISTAN (Pakistani rupee)

Atlas Honda    P 393.98  C +2.87%  R 414.80 – 320.05  Y N/A
Pak Suzuki    P 380.99  C -2.99%  R 532.00 – 375.00  Y N/A
Notes: Atlas Honda and Pak Suzuki are JV assembly partners.

INDIA (rupee)

Hero    P 2897.40  C -0.08%  R 3172.00 – 2251.30  Y +27.59%
Bajaj    P 2491.95  C +0.18%  R 2656.00 – 1912.50  Y +33.33%
TVS    P 319.80  C +0.35%  R 340.90 – 201.00  Y +37.57%  
Eicher    P 20,035.00  C -1.27%  R 21,620.00 – 14,494.95  Y +32.61%
Mahindra    P 1330.95  C -1.01%  R 1442.05 – 1091.25  Y +17.33%
Maharashtra    P 1265.15  C -2.07%  R 1619.00 – 848.00  Y +54.97%
Scooters India    P 25.40  C +4.31%  R 35.05 – 21.75  Y -15.33%
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 2992.5  C -4.18%  R 4499 – 2726  Y -25.21%
Yamaha    P 1851  C -5.75%  R 3245 – 1581  Y -33.34%
Suzuki    P 3075  C -2.35%  R 4780.5 – 2662.5  Y -19.71%
Kawasaki    P 316  C -7.6%  R 642 – 269  Y -46.88%

CHINA (yuan)

Qianjiang    P 12.67  C -2.76%  R 17.11 – 5.55  Y +32.25%
Zongshen    P 10.26  C +0.59%  R 30.15 – 8.08  Y -58.66%   
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 11.15  C -1.06%  R 27.99 – 8.05  Y -22.47%
Loncin    P 17.19  C +0.7%  R 39.48 – 13.00  Y -22.54%
Linhai    P 12.19  C +1.16%  R 14.71 – 8.41  Y -14.09%
GAG    P 22.40  C +2.38%  R 24.85 – 11.03  Y +80.06%

CHINA (Hong Kong dollar)

Jianshe    P 15.77  C +1.15%  R 19.99 – 7.72  Y +53.7%
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 6.95  C N/A  R 7.93 – 6.48  Y -8.44%
Hong Leong    P 7.36  C -1.08%  R 7.50 – 4.40  Y +56.33%
Notes: Oriental Holdings is a Honda JV partner. Hong Leong Industries is a Yamaha JV partner.

SOUTH KOREA (won)

KR    P 1200  C -1.64%  R 1770 – 905  Y -2.83%
Daelim    P 90,700  C +0.33%  R 98,000 – 59,600  Y +9.76%
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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