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HomeNEWSFINANCIAL8 August - motorcycle industry share price guide

8 August – motorcycle industry share price guide

A snapshot of global bike and ATV industry share performance at the trading closure on Friday 8 August 2014.
 
New York shrugged off gathering geo-political storm clouds this week and the S&P 500 index closed only 0.36 per cent down. Harley-Davidson reflected that with a further marginal weekly share price decline but both Polaris and Arctic Cat improved.
 
However, there was no escaping the consequences of a tit-for-tat sanctions war with Russia in Europe, where it will have the most effect. European equities fell by another two per cent, as delineated by the FTSE Eurofirst 300, and are now averaging ten per cent below a high in June.
 
All four bike-related stocks on this side of the pond were down but BMW fared best thanks to strong quarterly results announced earlier in the week. Piaggio, aggravated by news that Italy had officially slumped back into recession in the second quarter of the year, lost three per cent on the previous Friday’s close and has now fallen by ten per cent in the past month. KTM plunged by eight per cent and even mighty Ducati parent Volkswagen Group ended up three per cent down, recovering slightly after briefly touching its lowest value in the past 12 months.
 
Although the Bombay Stock Exchange’s Sensex indices were negative, Indian motorcycle manufacturers mostly did well with 70 per cent of them making gains. Only the largest (Hero MotoCorp) and the smallest (state-controlled basket case Scooters India) lost ground.
 
China was a different story too, boosted by hunky export growth data pushing up the CSI 300 index covering stock exchanges in Shanghai and Shenzhen, and the Hang Seng in Hong Kong. Of ten quoted bike producers, only two failed the weekly positivity test. Lifan and Loncin were those dunces. But their retreat from recent powerful share price growth may be associated with speculative profit-taking.
 
Japanese investors, on the other hand, weren’t happy bunnies. The Nikkei 225 dropped by five per cent to its weakest level for two months. Honda, Suzuki and Kawasaki all shared in that pain with price declines. Only Yamaha bucked the trend, its stock leaping upwards by nine per cent following the release of impressive quarterly financial results.                   
 
 


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


USA (US dollar)
 
Harley-Davidson    P 61.73  H 61.80  L 60.72  C +1.81%  R 74.13 – 57.30  Y +6.57%
 
Polaris    P 147.05  H 148.14  L 145.71  C +0.92%  R 151.00 – 108.68  Y +31.52%
 
Arctic Cat    P 36.39  H 36.60  L 35.22  C +2.68%  R 61.13 – 31.95  Y -35.54%
 
US Highland    P 0.51  H 0.51  L 0.51  C +2%  R 0.59 – 0.22  Y N/A
 
Viper    P 0.0055  H N/A  L N/A  C N/A  R 0.05 – 0.001  Y -87.78%
 
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 25.97  H 26.09  L 25.56  C +1.84%  R 31.98 – 25.00  Y -9.39%
 
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 87.15  H 87.20  L 83.75  C +1.35%  R 96.10 – 70.57  Y +24.11%
 
Piaggio    P 2.14  H 2.176  L 2.094  C -0.83%  R 3.092 – 1.912  Y +2.79%
 
KTM    P 91.50  H 95.01  L 83.00  C -7.52%  R 99.83 – 52.00  Y +74.63%
 
VW    P 165.609  H 165.609  L 161.00  C +0.26%  R 198.43 – 161.00  Y +10.44%
 
Notes: Volkswagen is the owner of Ducati Motor Holding
 


INDIA (rupee)
 
Hero    P 2591.75  H 2600.00  L 2549.25  C -0.74%  R 2787.70 – 1831.25  Y +50.04%
 
Bajaj    P 2121.65  H 2132.95  L 2109.00  C -0.82%  R 2364.85 – 1680.05  Y +21.63%
 
TVS    P 170.15  H 171.40  L 163.70  C +1.19%  R 179.20 – 28.75  Y +450.4%  
 
Eicher    P 8477.50  H 8519.95  L 8415.75  C -0.39%  R 9090.00 – 2965.00  Y +156.82%
 
Mahindra    P 1229.35  H 1246.40  L 1201.75  C -1.6%  R 1278.17 – 739.84  Y +44.02%
 
Maharashtra    P 733.40  H 749.00  L 706.00  C -0.16%  R 762.00 – 326.65  Y +117.15%
 
Scooters India    P 26.10  H 27.45  L 26.10  C -4.22%  R 36.75 – 13.50  Y +68.39%
 
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 228.00  H 229.10  L 227.55  C +0.44%  R 328 – 191.50  Y N/A
 
Pak Suzuki    P 282.00  H 283.50  L 280.00  C +0.65%  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 3410.5  H 3473.5  L 3387.5  C -2.7%  R 4385 – 3292  Y -5.75%
 
Yamaha    P 1875  H 1910  L 1845  C -1.37%  R 1913 – 1240  Y +31.28%
 
Suzuki    P 3233  H 3342  L 3210  C -2.78%  R 3530 – 2054  Y +32.93%
 
Kawasaki    P 371  H 376  L 369  C -2.37%  R 496 – 342  Y +3.84%
 


CHINA (yuan)
 
Qianjiang    P 6.35  H 6.36  L 6.27  C +0.32%  R 6.86 – 4.40  Y +23.3%
 
Qingqi    P 5.50  H 5.70  L 5.48  C -1.26%  R 6.10 – 3.34  Y N/A
 
Zongshen    P 5.01  H 5.03  L 4.97  C +0.4%  R 5.77 – 3.92  Y +6.56%   
 
Sundiro    P 4.46  H 4.50  L 4.41  C +0.68%  R 4.75 – 3.48  Y +21.2%
 
Jialing    P 6.27  H 6.37  L 6.14  C +1.29%  R 6.64 – 2.90  Y N/A  
 
Lifan    P 8.95  H 9.12  L 8.71 C -1.43%  R 9.63 – 5.47  Y +66.73%
 
Loncin    P 11.53  H 11.59  L 11.41  C +0.7%  R 12.20 – 7.31  Y +43.11%
 
Linhai    P 7.37  H 7.41  L 7.21  C +0.82%  R 7.58 – 4.80  Y +49.91%
 
 


CHINA (Hong Kong dollar)
 
Jianshe    P 6.13  H 6.14  L 6.08  C +0.82%  R 6.80 – 5.16  Y N/A  
 
Guangzhou Auto    P 8.67  H 8.75  L 8.41  C +1.17%  R 10.94 – 6.72  Y +14.76%
 
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 N/A  R 0.66 – 0.40  Y –15%
 
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 29.00  H 29.40  L 28.35  C -0.34%  R 63.00 – 25.20  Y -11.39%
 
Notes: Sanyang Industry is the leading Taiwanese powered two-wheeler manufacturer through its widely-exported SYM brand.
 


MALAYSIA (ringgit)
 
Oriental Holdings    P 7.78  H 7.78  L 7.66  C +0.13%  R 9.85 – 6.95  Y -19.9%
 
Hong Leong    P 7.00  H 7.00  L 6.88  C N/A  R 7.17 – 4.75  Y +31.5%
 
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 7550  H 7650  L 7550  C -1.63%  R 8050 – 5100  Y +16.04%
 
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 993  H 1005  L 991  C -0.7%  R 1495 – 425  Y +111.73%
 
Daelim    P 89,100  H 91,700  L 88,500  C -1.76%  R 110,000 – 77,000  Y +1.36%
 
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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