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HomeNEWSFINANCIAL4 MARCH: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

4 MARCH: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 4 March 2016.

 

Underlying muscularity in the US economy, as evidenced by February employment growth data that far exceeded analyst expectations, boosted New York’s S&P 500 index to a 2.33% rise, a third successive weekly advance. Harley-Davidson stock was a clear beneficiary of that optimism, climbing by 7.8% to its highest level since last December. But Polaris missed the joy-ride, putting on only a puny 0.8%.

That forecast-beating US data also lifted European sentiment, pushing the eurozone’s Eurofirst 300 up by 3.04% over the week. Automotives did particularly well. On the Frankfurt exchange, VW was leader of the pack, stacking on 13.5%. BMW took second podium step with a 12.3% price improvement and Daimler came  a respectable third, up by 8.2%. In Milan, Piaggio added 12%.

Japan followed the same developed-world trend as Tokyo’s Nikkei 225 posted a 5.1% gain, its fourth consecutive weekly rise. All four indigenous motorcycle brands achieved recoveries. Best performers were Kawasaki, thanks to a 12.7% bounce, and 11.3% from Yamaha.

Confidence abounded in India’s emerging market too. The BSE Sensex 30 was 6.44% up and every bike manufacturer apart from Mahindra added value for investors. China, however, suffered a return to volatility. Although Shanghai’s Composite index boasted a 3.85% lift for the full week, that masked a sharp drop on the previous Friday from which there was no respite until halfway through the subsequent week. With Qianjiang, Sundiro and Jialing suspended from trading due to especially volatile price movements, the remaining six listed Chinese motorcycle makers didn’t manage to get back on the gravy train and all of them incurred losses.

 

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

 

USA (US dollar)

Harley-Davidson    P 46.76  C +0.54%  R 63.34 – 36.36  Y -22.59%

Polaris    P 92.04  C -0.12%  R 156.35 – 67.80  Y -36.97%

Arctic Cat    P 18.53  C +3.75%  R 39.00 – 8.90  Y -49.17%

US Highland    P 0.07  C -26.11%  R 1.05 – 0.06  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 16.93  C -0.24%  R 29.80 – 13.76  Y -21.04%

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 22.05  C +0.68%  R 28.75 – 19.15  Y -19.23%

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

 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.43  C +7.5%  R 0.85 – 0.36  Y -9.47%

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

 

INDONESIA (rupiah)

Astra    P 6900  C +0.36%  R 8575 – 4975  Y -11.67%

Indomobil    P 2100  C N/A  R 4200 – 1860  Y -47.35%

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 82.58  C +1.41%  R 123.75 – 65.99  Y -26.16%

Daimler    P 67.49  C +0.81%  R 96.07 – 57.01  Y -22.43%

VW    P 137.28  C +1.58%  R 254.99 – 95.00  Y -37.86%

KTM    P 128.50  C -0.31%  R 132.95 – 99.69  Y +4.05%

Piaggio    P 2.05  C +0.59%  R 3.18 – 1.56  Y -25.7%

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

 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 365.01  C N/A  R 414.80 – 311.37  Y N/A

Pak Suzuki    P 451.50  C -0.41%  R 532.00 – 330.00  Y N/A

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

 

INDIA (rupee)

Hero    P 2835.85  C +0.35%  R 2859.00 – 2251.30  Y +9.88%

Bajaj    P 2306.25  C +1.15%  R 2656.00 – 1912.50  Y +11.02%

TVS    P 288.25  C +0.42%  R 309.80 – 201.00  Y -0.58% 

Eicher    P 19,258.50  C -0.36%  R 21,620.00 – 13,900.10  Y +20.73%

Mahindra    P 1216.35  C +0.08%  R 1442.05 – 1091.25  Y -0.07%

Maharashtra    P 1228.30  C +0.11%  R 1619.00 – 810.00  Y +49.74%

Scooters India    P 26.55  C +4.53%  R 35.05 – 21.75  Y -11.79%

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 3188  C +0.38%  R 4499 – 2726  Y -19.85%

Yamaha    P 1873  C +3.31%  R 3245 – 1593  Y -36.51%

Suzuki    P 2939.5  C -0.17%  R 4780.5 – 2662.5  Y -18.39%

Kawasaki    P 346  C +1.17%  R 647 – 269  Y -36.64%

 

CHINA (yuan)

Qianjiang    P 8.58  C N/A  R 17.11 – 5.55  Y N/A [Trading halted]

Zongshen    P 8.58  C -4.98%  R 30.15 – 8.08  Y -19.19%  

Sundiro    P 5.71  C N/A  R 12.69 – 4.89  Y N/A [Trading halted]

Jialing    P 7.38  C +5.88%  R 16.34 – 5.27  Y -16.99% [Trading halted]

Lifan    P 9.40  C -4.95%  R 27.99 – 8.05  Y -2.09%

Loncin    P 16.06  C -3.54%  R 39.48 – 13.00  Y +2.31%

Linhai    P 9.13  C -5.39%  R 14.71 – 8.41  Y -8.97%

GAG    P 18.92  C -1.82%  R 24.85 – 8.66  Y +112.07%

 

CHINA (Hong Kong dollar)

Jianshe    P 14.24  C -2.6%  R 19.99 – 7.37  Y +82.1%

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 6.85  C -0.72%  R 7.93 – 6.48  Y -0.63%

Hong Leong    P 6.10  C N/A  R 6.30 – 4.32  Y +43.71%

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

 

SOUTH KOREA (won)

KR    P 1145  C N/A  R 1770 – 905  Y -17.33%

Daelim    P 87,200  C +0.58%  R 98,000 – 59,600  Y +29.19%

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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