30 May – Motorcycle Industry Share price guide

30 MAY — WEEKLY MOTORCYCLE INDUSTRY SHARE PRICE GUIDE

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 30 May 2014.

This was a positive week for most motorcycle-related stocks worldwide. In the US, market indices led by the benchmark S&P500 were at near-record levels once again, although trading volumes were muted. Top bike shares were pretty static — Harley was up and Polaris down, both by marginal amounts. On this side of the Atlantic, the FTSE Eurofirst 300 touched a six-year high during the week. BMW, Piaggio and VW all reflected this with gains while KTM held station.

In India, post-election euphoria on the Bombay Stock Exchange was clearly petering out. Most listed motorcycle manufacturers experienced slight declines from recent peak share prices. Chinese bike producers, on the other hand, were stacking on value at the Shanghai and Shenzhen exchanges almost without exception, as confidence in China’s economy continued to strengthen. Suzuki JV partner Qingqi turned in the best performance thanks to an 8.6 per cent weekly climb.

The Japanese were perking up too with Tokyo’s Nikkei 225 gaining 1.2 per cent over the week and 2.3 per cent through May. Parent companies of all four indigenous bike brands benefited from share price hikes as a result.    

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

USA (US dollar)

Harley-Davidson    P 71.24  H 71.32  L 70.73  C +0.01%  R 74.13 – 49.15  Y +32.53%

Polaris    P 128.92  H 131.19  L 128.38  C -1.54%  R 146.99 – 91.05  Y +36.91%

Arctic Cat    P 37.30  H 37.53  L 36.69  C -0.75%  R 61.13 – 31.95  Y -19.73%

US Highland    P 0.59  H 0.59  L 0.0.5351  C +22.92%  R 0.59 – 0.22  Y +68.57%

Viper    P 0.013  H 0.013  L 0.012  C N/A  R 0.10 – 0.001  Y -71.11%

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 29.78  H 29.78  L 29.055  C +0.98%  R 31.98 – 23.41  Y +20.32%

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 92.10  H 92.27  L 91.68  C +0.15%  R 94.39 – 63.82  Y +28.97%

Piaggio    P 2.748  H 2.774  L 2.702  C +0.59%  R 3.092 – 1.871  Y +34.31%

KTM    P 85.00  H 85.00  L 84.99  C +1.19%  R 85.00 – 50.15  Y +57.82%

VW    P 192.56  H 194.55  L 192.56  C -0.61%  R 198.43 – 142.05  Y +19.08%

Notes: Volkswagen is the owner of Ducati Motor Holding
 

INDIA (rupee)

Hero    P 2345.85  H 2359.00  L 2326.00  C +0.05%  R 2787.70 – 1563.60  Y +39.38%

Bajaj    P 1943.95  H 1967.70  L 1912.70  C +0.14%  R 2195.00 – 1680.05  Y +9.34%

TVS    P 130.10  H 136.00  L 129.00  C -4.27%  R 139.00 – 28.10  Y +269.85%  

Eicher    P 6675.45  H 7030.00  L 6601.15  C -3.29%  R 7500.00 – 2965.00  Y +81.32%

Mahindra    P 1235.50  H 1278.70  L 1150.00  C +4.97%  R 1278.70 – 740.15  Y +29.59%

Maharashtra    P 508.35  H 520.00  L 508.00  C -1.83%  R 545.90 – 326.65  Y +33.37%

Scooters India    P 28.95  H 28.95  L 28.80  C +4.89%  R 28.95 – 13.50  Y +40.19%

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 252.10  H 254.70  L 251.17  C +0.44%  R 328.00 – 180.11  Y N/A

Pak Suzuki    P 214.00  H 218.90  L 214.00  C -1.22%  R 232.64 – 119.00  Y N/A

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

JAPAN (yen)

Honda    P 3563  H 3565  L 3532  C +0.82%  R 4385 – 3292  Y -4.93%

Yamaha    P 1600  H 1628  L 1597  C -2.2%  R 1692 – 1217  Y +1.12%

Suzuki    P 3025  H 3077  L 3025  C -1.47%  R 3186 – 2051  Y +21.7%

Kawasaki    P 383  H 387  L 382  C -0.26%  R 496 – 283  Y +11.5%
 

CHINA (yuan)

Qianjiang    P 5.53  H 5.65  L 5.35  C +2.79%  R 6.54 – 4.27  Y +9.19%

Qingqi    P 4.17  H 4.26  L 3.90  C +7.75%  R 5.19 – 3.34  Y N/A

Zongshen    P 5.08  H 5.14  L 5.04  C -0.59%  R 5.77 – 3.92  Y -0.39%   

Sundiro    P 3.70  H 3.72  L 3.68  C +0.27%  R 4.84 – 3.37  Y -17.59%

Jialing    P 4.58  H 4.58  L 4.18  C +10.1%  R 5.00 – 2.90  Y +1.55%  

Lifan    P 6.74  H 6.80  L 6.58  C +1.2%  R 7.64 – 5.11  Y +1.74%

Loncin    P 8.72  H 8.80  L 8.55  C +1.4%  R 11.10 – 6.78  Y -13.31%

Linhai    P 5.72  H 5.76  L 5.67  C +0.53%  R 7.00 – 4.42  Y -3.05%

CHINA (Hong Kong dollar)

Jianshe    P 5.70  H 5.80  L 5.68  C -0.7%  R 6.80 – 5.16  Y N/A  

Guangzhou Auto    P 8.17  H 8.23  L 7.82  C +1.74%  R 10.94 – 6.48  Y -0.09%

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 0.425  C +1.19%  R 0.66 – 0.40  Y –32.54%

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 27.40  H 28.15  L 27.40  C -0.18%  R 63.00 – 25.00  Y +1.73%

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

MALAYSIA (ringgit)

Oriental Holdings    P 7.81  H 7.90  L 7.80  C +0.77%  R 10.20 – 6.95  Y -21.23%

Hong Leong    P 6.66  H 6.66  L 6.64  C -0.15%  R 6.80 – 4.35  Y +58.17%

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 7075  H 7500  L 7075  C -5.03%  R 8050 – 5100  Y +3.34%

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 1100  H 1110  L 1085  C +0.92%  R 1495 – 414  Y +126.8%

Daelim    P 80,600  H 82,500  L 80,600  C -2.3%  R 110,000 – 77,000  Y -15.07%

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.)