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HomeNEWSFINANCIAL29 August - motorcycle industry share price guide

29 August – motorcycle industry share price guide

A snapshot of global bike and ATV industry share performance at the trading closure on Friday 29 August 2014.

US shares crept up to record levels with the S&P 500 index crossing a historic 2000-point watershed, boasting a weekly gain of 0.67 per cent and its sixth monthly improvement in seven months. But you wouldn’t have noticed, looking at key bike stocks. Harley-Davidson was virtually static week-on-week and Polaris actually fell by nearly two per cent.

Europe was allegedly even brighter with the FTSE Eurofirst 300 rising by 1.66 per cent. But investor enthusiasm was patchily subdued by differing views on the European Central Bank’s rumoured imminent adoption of US and UK-style quantitative easing. Some pretty duff eurozone economic surveys didn’t help either. Both BMW and VW suffered weekly declines. Piaggio mysteriously rallied but that was running out of steam by Friday, evidenced by a daily drop of approaching three per cent, and the company finished with a 6.8 per cent recovery overall. KTM added only a modest increment by the end of the week, too late to benefit more lavishly from release of excellent half-yearly financial results on Friday.

India’s bull run continued with hardly any losers and TVS heading the winners thanks to a four per cent rise. However, Asian markets further to the east were volatile, as concerns about Russian troops entering the Ukraine pressed panic buttons. Tokyo’s Nikkei 225 index fell by 0.79 per cent and was down 1.3 per cent for August. Only Yamaha managed to buck a falling trend for Japanese motorcycle manufacturers. China got the jitters big-style too, with only Zongshen and Loncin dodging negativity among listed bike producers in Shanghai, Shenzhen and Hong Kong. Similar nervous reactions could be witnessed across smaller bourses in Taiwan and South Korea, affecting SYM and Hyosung parental stock prices.                        

 


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


USA (US dollar)

Harley-Davidson    P 63.56  H 64.06  L 63.44  C +0.16%  R 74.13 – 59.77  Y +7.52%

Polaris    P 145.38  H 146.25  L 144.85  C -0.21%  R 151.59 – 108.68  Y +34.96%

Arctic Cat    P 37.02  H 37.43  L 36.835  C +0.52%  R 61.13 – 31.95  Y -30.3%

US Highland    P 0.505  H 0.505  L 0.505  C -0.98%  R 0.59 – 0.22  Y +68.33%

Viper    P 0.0055  H N/A  L N/A  C N/A  R 0.05 – 0.001  Y -80.36%

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 26.48  H 26.73  L 26.33  C -1.01%  R 31.98 – 25.00  Y -10.18%

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 88.69  H 89.87  L 87.71  C -0.58%  R 96.10 – 70.89  Y +27.97%

Piaggio    P 2.304  H 2.378  L 2.304  C -2.78%  R 3.092 – 1.92  Y +18.15%

KTM    P 99.23  H 99.23  L 95.00  C +2.3%  R 100.00 – 54.81  Y +77.72%

VW    P 170.06  H 172.45  L 168.81  C -0.48%  R 198.43 – 161.00  Y +3.48%

Notes: Volkswagen is the owner of Ducati Motor Holding
 


INDIA (rupee)

Hero    P 2604.80  H 2677.95  L 2573.00  C +0.18%  R 2787.70 – 1879.00  Y +36.16%

Bajaj    P 2258.70  H 2304.55  L 2250.00  C -0.95%  R 2364.85 – 1707.15  Y +25.63%

TVS    P 186.50  H 189.65  L 184.50  C -0.24%  R 193.60 – 28.75  Y +521%  

Eicher    P 9755.95  H 9849.60  L 9706.00  C -0.56%  R 10,634.40 – 3100.20  Y +207.52%

Mahindra    P 1407.20  H 1414.00  L 1386.00  C +0.81%  R 1433.70 – 746.89  Y +81.79%

Maharashtra    P 762.45  H 800.00  L 755.05  C -1.21%  R 823.80 – 361.00  Y +112.52%

Scooters India    P 25.40  H 25.65  L 25.30  C +3.89%  R 36.75 – 14.20  Y +62.82%

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 252.00  H 252.00  L 243.00  C +5%  R 328 – 191.50  Y N/A

Pak Suzuki    P 239.95  H 240.06  L 230.50  C +4.95%  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 3513  H 3554  L 3511.5  C -0.52%  R 4385 – 3292  Y +1.32%

Yamaha    P 1925  H 1960  L 1925  C -1.33%  R 1982 – 1262  Y +53.57%

Suzuki    P 3381  H 3415.5  L 3378.5  C -1.02%  R 3530 – 2068  Y +61.59%

Kawasaki    P 387  H 389  L 384  C -0.77%  R 496 – 344  Y +14.3%
 


CHINA (yuan)

Qianjiang    P 6.94  H 7.18  L 6.85  C -4.28%  R 7.34 – 4.40  Y +44.89%

Qingqi    P 5.24  H 5.27  L 5.14  C +1.95%  R 6.10 – 3.34  Y N/A

Zongshen    P 5.68  H 5.86  L 5.59  C +1.07%  R 5.87 – 3.92  Y +19.29%   

Sundiro    P 4.40  H 4.42  L 4.32  C +0.69%  R 4.75 – 3.48  Y +14.58%

Jialing    P 5.95  H 6.05  L 5.81  C +2.41%  R 6.75 – 2.90  Y N/A  

Lifan    P 8.38  H 8.39  L 8.11 C +1.58%  R 9.63 – 5.65  Y +44.93%
 
Loncin    P 13.41  H 13.49  L 13.08  C +1.36%  R 13.82 – 7.51  Y +77.87%

Linhai    P 8.09  H 8.12  L 7.88  C +1.63%  R 8.63 – 4.80  Y +56.04%

 


CHINA (Hong Kong dollar)

Jianshe    P 6.27  H 6.28  L 6.19  C +0.97%  R 6.80 – 5.16  Y N/A  

Guangzhou Auto    P 8.06  H 8.19  L 8.03  C -0.86%  R 10.94 – 6.72  Y +4.12%

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 0.43  L 0.415  C +1.19%  R 0.66 – 0.40  Y –6.59%

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 27.95 H 28.20  L 27.80  C N/A  R 63.00 – 25.20  Y -31.99%

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


MALAYSIA (ringgit)

Oriental Holdings    P 7.89  H 7.89  L 7.83  C -0.38%  R 9.15 – 6.95  Y -3.38%

Hong Leong    P 7.69  H 7.95  L 7.54  C -0.13%  R 7.95 – 4.75  Y +57.21%

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 7575  H 7675  L 7550  C -1.3%  R 8050 – 5400  Y +28.93%

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 850  H 892  L 848  C -4.82%  R 1495 – 425  Y +63.46%

Daelim    P 87,400  H 87,700  L 86,100  C +0.81%  R 110,000 – 77,000  Y -0.01%

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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