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HomeNEWSFINANCIAL7 November Motorcycle Industry Share Price Guide

7 November Motorcycle Industry Share Price Guide

Although the S&P 500 index drifted remorselessly upwards to a four-year record in New York during much of the week, it flattened on Friday following poor US employment growth data for October. Keen motorcycle sports sponsor Monster Energy led the S&P with a five per cent one-day gain engendered by muscular third-quarter paydirt. Harley-Davidson added barely half a percentage point but Polaris more accurately reflected the overall weekly market direction, stacking on nearly four per cent and hitting an annual high.

After a surge earlier in the week, Europe’s FTSE Eurofirst index dipped and almost all bike-related stocks finished either negative or stagnant. The exception was KTM, where investors eagerly snapped up whatever morsels of stock were on offer in the wake of excellent quarterly financial results. The company’s share price climbed by more than four per cent.

However, Indian hubris abruptly vanished. That country’s BSE Sensex flatlined after months of steady gains. The five biggest motorcycle manufacturers all lost ground, along with most mainstream stocks in other commercial arenas. China presented a more mixed picture, with six out of ten listed bike producers making progress.

Tokyo calmed down somewhat but the Nikkei 225 nevertheless remains nearly seven per cent up since the Bank of Japan launched its enhanced yen-printing stimulus during the previous week. The only non-benificiary in our powered two-wheeler firmament was Suzuki, which had clearly annoyed some institutional investors with a mixed results announcement and lost four per cent. Yamaha, on the other hand, had splashed a splendid quarterly performance and was rewarded accordingly with a magnificent weekly share price rise of more than 12 per cent.          
 


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


USA (US dollar)

Harley-Davidson    P 66.04  H 66.285  L 65.41  C +0.5%  R 74.13 – 54.22  Y +4.37%

Polaris    P 156.50  H 157.98  L 155.584  C N/A  R 157.98 – 118.80  Y +16.67%

Arctic Cat    P 33.86  H 34.08  L 33.53  C +0.62%  R 59.73 – 30.11  Y -34.05%

US Highland    P 0.45  H 0.45  L 0.45  C N/A  R 0.59 – 0.22  Y N/A

Viper    P 0.0016  H 0.0016  L 0.0016  C +6.67%  R 0.05 – 0.0012  Y -93.6%

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 25.27  H 25.36  L 24.94  C -0.16%  R 31.98 – 23.51  Y -10.1%

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 83.20  H 85.46  L 82.67  C -1.86%  R 96.10 – 74.74  Y +4.97%

Daimler    P 62.104  H 63.52  L 61.85  C -1.78%  R 71.27 – 55.10  Y +7.95%

Piaggio    P 2.184  H 2.22  L 2.184  C -0.73%  R 3.092 – 1.93  Y -1.09%

KTM    P 111.50  H N/A  L N/A  C N/A  R 113.45 – 58.76  Y +88.05%

VW    P 170.82  H 174.20  L 170.11  C -1.4%  R 198.43 – 147.35  Y -4.91%

Notes: Daimler has a 25 per cent stake in MV Agusta through its AMG-Mercedes subsidiary. Volkswagen is the owner of Ducati Motor Holding
 


INDIA (rupee)

Hero    P 2887.60  H 2960.00  L 2862.60  C -2.55%  R 3144.00 – 1907.00  Y +43.1%

Bajaj    P 2539.70  H 2584.65  L 2532.80  C -1.21%  R 2628.25 – 1793.20  Y +25.61%

TVS    P 253.25  H 260.70  L 252.10  C -2.11%  R 266.70 – 46.70  Y +415.93%  

Eicher    P 12,675.90  H 13,025.00  L 12,650.00  C -1.55%  R 13,025.00 – 4133.00  Y +208.15%

Mahindra    P 1239.10  H 1254.90  L 1230.25  C -1.35%  R 1433.70 – 839.66  Y +42.7%

Maharashtra    P 948.20  H 962.00  L 910.00  C +1.86%  R 989.95 – 382.25  Y +138.65%

Scooters India    P 37.20  H 37.20  L 33.70  C +4.94%  R 37.20 – 14.20  Y +118.82%

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 295.00  H 296.30  L 290.25  C +2.21%  R 328.00 – 203.50  Y N/A

Pak Suzuki    P 383.15  H 392.00  L 368.00  C +1.97%  R 392.00 – 121.00  Y N/A

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


JAPAN (yen)

Honda    P 3644.5  H 3672  L 3634  C +0.77%  R 4385 – 3239  Y -3.64%

Yamaha    P 2319  H 2383  L 2274  C +3.34%  R 2283 – 1265  Y +62.6%

Suzuki    P 3510.5  H 3571  L 3483  C -5.8%  R 3848 – 2335  Y +50.64%

Kawasaki    P 455  H 458  L 450  C +0.44%  R 496 – 350  Y +19.64%
 


CHINA (yuan)

Qianjiang    P 6.93  H 7.10  L 6.89  C -1.42%  R 7.57 – 4.46  Y +51.31%

Qingqi    P 5.97  H 6.09  L 5.94  C -1.32%  R 6.77 – 3.34  Y N/A

Zongshen    P 9.17  H 9.78  L 9.03  C -3.98%  R 9.78 – 3.92  Y +108.24%   

Sundiro    P 5.26  H 5.41  L 5.26  C -2.05%  R 5.95 – 3.48  Y +41.41%

Jialing    P 7.34  H 7.59  L 7.28  C -2.78%  R 7.95 – 2.90  Y +143.05%  

Lifan    P 9.78  H 10.15  L 9.55  C +1.14%  R 10.15 – 5.65  Y +65.55%
 
Loncin    P 17.40  H 17.95  L 17.03  C +0.58%  R 18.81 – 7.74  Y +113.64%

Linhai    P 9.56  H 9.82  L 9.44  C -2.15%  R 10.88 – 4.80  Y +83.69%

 


CHINA (Hong Kong dollar)

Jianshe    P 8.66  H 8.75  L 8.58  C -0.12%  R 9.40 – 5.28  Y +54.64%  

Guangzhou Auto    P 7.06  H 7.22  L 6.96  C +0.43%  R 10.94 – 6.72  Y -20.9%

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 0.465  H 0.485  L 0.46  C -2.11%  R 0.69 – 0.40  Y -16.96%

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 27.30  H 27.70  L 27.30  C +0.92%  R 63.00 – 25.20  Y -42.45%

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


MALAYSIA (ringgit)

Oriental Holdings    P 7.39  H 7.39  L 7.32  C N/A  R 8.89 – 6.95  Y -15.84%

Hong Leong    P 4.71  H 4.78  L 4.67  C -0.84%  R 7.543 – 3.95  Y +10.3%

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 6950  H 7000  L 6925  C N/A  R 8050 – 6050  Y +6.89%

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 900  H 914  L 833  C +6.51%  R 1495 – 425  Y +102.7%

Daelim    P 71,600  H 73,000  L 71,600  C -1.65%  R 102,000 – 62,700  Y -25.88%

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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