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30 DECEMBER: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICEs

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 30 December 2016.

 

Global stock trading during the week between Christmas and New Year was so utterly feeble that London’s Financial Times didn’t even bother to report it in four daily editions published across that timeframe.

However, every major exchange worldwide was open for business and deals were done, despite a complete lack of fresh economic data of any description for guidance. Furthermore, the very low transaction volume means nothing can really be determined from price movements for future benefit.

In the US, New York’s S&P 500 index fell by 0.8%. But embattled Polaris actually added 2.7% and Harley-Davidson crept up by 0.3%. In Europe, the Eurofirst 300 flatlined, just 0.05% down. The three big German automotives lost more. Worst afflicted was VW with a 3.2% fall. BMW and Daimler respectively lost 1.2% and 0.2%. However, KTM was much perkier, climbing by 2%. And Piaggio rose by 0.6%.

The Japanese didn’t celebrate Christmas and apparently weren’t celebrating anything else either. Tokyo’s Nikkei 225 dropped by 1.6% and Japan’s four motorcycle manufacturers fared worse. Honda was 4.3% down with Yamaha and Suzuki copping respective 3.8% and 4% declines. Kawasaki got off lightest on a 1.9% drop.

India was brighter, as demonstrated by a 2.3% increase for the BSE Sensex 30. Every bike producer advanced apart from TVS, which posted a 2.7% fall. Best performer was Royal Enfield parent Eicher, boasting a 4.2% rise.

China was marginally negative. Shanghai’s Composite index slid by 0.2%. But six of the nine listed biker stocks rose by small weekly increments while the other three lost minor value.                                    

          

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

 

USA (US dollar)

Harley-Davidson    P 58.34  C +0.31%  R 62.35 – 36.36  Y +32.38%

Polaris    P 82.39  C +1.25%  R 104.25 – 67.80  Y -1.73%

Arctic Cat    P 15.02  C -2.72%  R 19.82 – 8.90  Y -8.3%

US Highland    P 0.0006  C N/A  R 0.39 – 0.0002  Y N/A

Confederate    P 0.04  C N/A  R 0.27 – 0.04  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. Confederate Motors makes limited-edition cruisers.

 

CANADA (Canadian dollar)

BRP    P 28.21  C +9.6%  R 28.30 – 13.76  Y +42.61%

Notes: Bombardier Recreational Products makes Can-Am ATVs and Spyder road trikes, Ski-Doo snowmobiles, Sea-Doo PWCs and Rotax proprietary engines.

 

TAIWAN (Taiwanese dollar)

Sanyang    P 20.70  C -0.24%  R 23.90 – 19.80  Y -1.59%

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

 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.49  C N/A  R 0.54 – 0.36  Y +10.71%

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

 

INDONESIA (rupiah)

Astra    P 8275  C +1.85%  R 8875 – 5700  Y +41.24%

Indomobil    P 1310  C -1.13%  R 2200 – 1250  Y -44.23%

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 88.75  C +0.72%  R 97.08 – 63.38  Y -5.13%

Daimler    P 70.72  C +0.82%  R 76.42 – 50.83  Y -3.86%

VW    P 136.75  C -0.38%  R 144.70 – 106.65 Y -3.82%

KTM    P 5.10  C +1.86%  R 5.40 – 3.25  Y +38.93%

Piaggio    P 1.59  C +0.06%  R 2.31 – 1.39  Y -29.95%

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

 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 581.00  C -0.68%  R 620.00 – 349.60  Y N/A

Pak Suzuki    P 620.00  C -0.44%  R 642.00 – 363.01  Y N/A

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

 

INDIA (rupee)

Hero    P 3043.65  C +0.24%  R 3740.00 – 2375.00  Y +15.98%

Bajaj    P 2720.15  C -2.1%  R 3122.00 – 2171.95  Y +7.06%

TVS    P 360.50  C -1.14%  R 420.00 – 256.00  Y +27.28% 

Eicher    P 21,803.05  C +1.45%  R 26,641.30 – 14,800.00  Y +26.20%

Mahindra    P 1184.70  C +0.83%  R 1508.95 – 1091.25  Y -5.59%

Maharashtra    P 1612.15  C +5.88%  R 2170.00 – 1056.00  Y +16.55%

Scooters India    P 38.15  C +4.95%  R 44.85 – 22.65  Y +33.63%

Notes: Hero MotoCorp is a 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 BMW Motorrad contractor. Eicher makes the Royal Enfield brand. Mahindra & Mahindra has an own-brand bike range, a majority stake in French scooter brand Peugeot and owns formerly British BSA brand rights. Maharashtra Scooters assembles CKD scooter kits manufactured by Bajaj. Scooters India makes Vikram three-wheeled taxis and light trucks.

 

JAPAN (yen)

Honda    P 3415  C -0.81%  R 3846 – 2417  Y -10.04%

Yamaha    P 2574  C +0.23%  R 2834 – 1409  Y -3.22%

Suzuki    P 4002  C +2.12%  R 4069 – 2450  Y +12.28%

Kawasaki    P 367  C N/A  R 454 – 257  Y -15.95%

 

CHINA (yuan)

Qianjiang    P 16.66  C -0.18%  R 20.48 – 6.71  Y +44.62%

Zongshen    P 9.40  C +1.08%  R 14.22 – 8.08  Y -29.71%  

Sundiro    P 7.62  C +1.2%  R 9.94 – 5.61  Y -7.83%

Jialing    P 9.36  C -0.64%  R 10.48 – 5.67  Y -4%

Lifan    P 9.56  C -2.05%  R 17.65 – 8.05  Y -44.39%

Loncin    P 20.78  C -0.34%  R 25.35 – 14.80  Y -11.34%

Linhai    P 18.93  C -6.01%  R 21.57 – 8.41  Y +33.4%

GAG    P 23.17  C +0.13%  R 26.27 – 18.10  Y +3.59%

 

 

CHINA (Hong Kong dollar)

Jianshe    P 12.82  C N/A  R 18.66 – 11.25  Y -29.56%

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 6.80  C -0.15%  R 7.52 – 6.48  Y +0.74%

Hong Leong    P 9.40  C +0.53%  R 10.08 – 5.25  Y +67.36%

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

 

SOUTH KOREA (won)

KR    P 863  C -0.23%  R 1350 – 661  Y -32.05%

Daelim    P 87,100  C +5.32%  R 94,300 – 62,200  Y +29.81%

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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