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HomeNEWSFINANCIALShare prices 26 May

Share prices 26 May

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 26 May 2017. BDN financial editor Roger Willis reports.

With President Trump safely overseas bothering foreigners, New York had a sound week uninterrupted by nasty surprises, as demonstrated by a 1.4% hike for the S&P 500 index. That didn’t do Harley-Davidson much good, though. As dealing on the NYSE hit record highs on Thursday, Harley slumped, recovering marginally on Friday to finish a weekly 0.6% lower — prolonging the agony of its remorsless downwards trend. Polaris fared worse, falling by 3.1%. But Textron, flaunting its newly extended powersport assets, stacked on 3.6%.

Trump, meanwhile, was in Europe, bothering the Germans by complaining about the unfair trade advantages enjoyed by their car makers. He particularly slagged off BMW and Mercedes-Benz for cluttering up American streets with imports and his rant inevitably impacted on these culprits’ share prices. Daimler sank by 3.8% and BMW by 2.4%. VW, which didn’t get a name-check, only fell by a marginal 0.1%. The eurozone’s Eurofirst 300 index slid by a similar amount. Luckily, Trump failed to mention motorcycles, so Piaggio and KTM bucked market sentiment with respective 3.2% and 2.5% rises.

Completing the developed-world loop, Japan took most of its cues from New York, although investors were troubled about oil prices falling again. Tokyo’s Nikkei 225 was 0.5% up but there was no clear message for bike manufacturers. Kawasaki dropped by 2.4% and Yamaha by 1.2%. However, Suzuki rose by 1.2% and Honda slunk into thin positivity by 0.3%.

Major emerging countries were a mixed bag. India’s BSE Sensex rallied by 1.9% to hit an all-time record peak, which was seen as a statement of approval for three years of business-friendly Modi government. Hero, TVS and Eicher all joined the party, averaging weekly price improvements around the 1.5% mark. Mysteriously, Bajaj was on the naughty step with a 5.3% plunge.

China’s Shanghai Composite managed to shrug off the deleterious effect of a midweek Moody’s rating down-grade on the back of worsening Chinese corporate debt, posting a 0.6% gain. But motorcycle producers nevertheless suffered without exception. Yamaha JV partners Linhai and Jianshe took the worst kicking, with respective losses of 11.3% and 8.7%. Qianjiang was 7.5% down and Lifan copped a 5.5% retreat.    

 

 

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

 

USA (US dollar)

Harley-Davidson    P 52.32  C +0.89%  R 63.40 – 41.63  Y +17.94%

Polaris    P 84.74  C -0.14%  R 99.00 – 70.14  Y -0.04%

Textron    P 48.16  C -0.02%  R 50.93 – 34.00  Y +26.17%

US Highland    P 0.0011  C -8.33%  R 0.0099 – 0.0002  Y N/A

Confederate    P 0.07  C N/A  R 0.12 – 0.03  Y N/A

Notes: Polaris makes Indian bikes, ATVs, snowmobiles, quadricycles and EVs. Textron owns the Arctic Cat and Big Boy ATV brands. US Highland makes off-road bikes. Confederate Motors makes limited-edition cruisers.

 

CANADA (Canadian dollar)

BRP    P 31.63  C -0.53%  R 33.64 – 19.35  Y +58.31%

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 21.50  C N/A  R 23.90 – 20.00  Y +6.57%

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

 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.47  C N/A  R 0.61 – 0.39  Y +17.5%

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

 

INDONESIA (rupiah)

Astra    P 8750  C +0.29%  R 9350 – 6500  Y +33.07%

Indomobil    P 1100  C N/A  R 1830 – 1095  Y -30.78%

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 83.94  C -1.47%  R 91.76 – 63.38  Y +16.29%

Daimler    P 65.20  C -0.68%  R 73.23 – 50.83  Y +12.58%

VW    P 142.45  C +0.01%  R 157.40 – 115.00 Y +3.4%

KTM    P 4.90  C N/A  R 5.80 – 3.53  Y +38.44%

Piaggio    P 1.95  C +0.05%  R 1.97 – 1.39  Y +11.16%

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

 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 646.00  C +0.93%  R 657.72 – 362.00  Y N/A 

Pak Suzuki    P 892.99  C +5%  R 899.00 – 363.01  Y N/A

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

 

INDIA (rupee)

Hero    P 3618.40  C -0.21%  R 3740.00 – 2844.40  Y +23.61%

Bajaj    P 2814.10  C -0.31%  R 3122.00 – 2487.00  Y +9.97%

TVS    P 534.60  C -1.56%  R 549.00 – 279.10  Y +84.76%  

Eicher    P 28,351.35  C +1.22%  R 30,051.00 – 18,000.00  Y +51.27% 

Mahindra    P 1340.85  C +1.01%  R 1508.95 – 1141.40  Y +1.38% 

LML    P 11.10  C +3.74%  R 17.35 – 6.60  Y +64.44% 

Maharashtra    P 1945.10  C +0.95%  R 2170.00 – 1266.20  Y +50.92% 

Scooters India    P 62.85  C -2.56%  R 75.95 – 22.65  Y +175.05% 

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. LML is a former Piaggio JV partner making Vespa-derived retro scooters. Maharashtra Scooters assembles CKD scooter kits manufactured by Bajaj. Scooters India makes Vikram three-wheeled taxis and light trucks.

 

JAPAN (yen)

Honda    P 3058  C -1.2%  R 3675 – 2417  Y +4.1%

Yamaha    P 2811  C -1.02%  R 2897 – 1409  Y +54.52%

Suzuki    P 5229  C -0.27%  R 5278 – 2581.5  Y +88.36%

Kawasaki    P 323  C -1.22%  R 411 – 257  Y -0.87%

 

CHINA (yuan)

Qianjiang    P 15.85  C -1.55%  R 20.48 – 11.44  Y +32.08%

Zongshen    P 7.28  C +1.11%  R 11.53 – 6.90  Y -21.88%   

Sundiro    P 8.11  C N/A  R 9.94 – 6.28  Y N/A [Trading halted]

Jialing    P 5.91  C +0.34%  R 12.01 – 5.33  Y N/A

Lifan    P 7.99  C -0.25%  R 12.36 – 7.69  Y -15.97% 

Loncin    P 7.01  C -0.28%  R 10.14 – 6.48  Y +5.71%

Linhai    P 12.56  C -0.48%  R 21.57 – 10.41  Y +15.44%

GAG    P 25.60  C +1.23%  R 27.70 – 21.45  Y +12.17% 

 

CHINA (Hong Kong dollar)

Jianshe    P 8.74  C +0.81%  R 15.68 – 8.48  Y -32.25% 

Notes: Qianjiang owns Keeway and 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 6.65  C -0.3%  R 7.52 – 6.45  Y -0.89%

Hong Leong    P 9.99  C +0.4%  R 10.28 – 7.72  Y +28.97%

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

 

SOUTH KOREA (won)

KR    P 888  C +0.34%  R 1315 – 661  Y -18.16%

Daelim    P 89,900  C +0.56%  R 91,500 – 72,500  Y +12.78%

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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