A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 24 January 2014.
Most markets have fallen by varying degrees in the past couple of weeks, as investors get the jitters over impending third-quarter or full-year financial results announcements. All leading motorcycle and ATV-related stocks in the USA, for instance, displayed negativity and Arctic Cat’s share price has plunged by 25 per cent, following its early revelation of weaker Q3 performance.
Globally, the only uptick was China’s CSI 300 Index, with virtually all listed Chinese bike manufacturers benefiting from increased across-the-board investor confidence.
As for Europe, there’s definitely something going on at KTM in Austria, which touched an all-time peak at the end of this week, up by more than 28 per cent since the beginning of 2014. As a taster of detailed forthcoming results, on 20 January KTM revealed record 15.6 per cent growth in unit sales and revenue up by 17 per cent in 2013 — which only served to boost the efforts of Vienna punters scrabbling for the few free-floating shares available against a background of ongoing rumours that the company is shortly to be taken private.
Price (P) High (H) Low (L) Change (C) 52-week range (R) One-year return (Y)
USA (US dollar)
Harley-Davidson P 64.02 H 65.66 L 63.88 C -2.84% R 70.04 – 49.15 Y +22.83%
Polaris P 133.00 H 137.40 L 133.00 C -3.24% R 146.99 – 82.80 Y +44.98%
Arctic Cat P 43.27 H 46.50 L 43.03 C -9.51% R 61.13 – 33.62 Y +16.58%
US Highland P 0.27 H N/A L N/A C N/A R 0.74 – 0.27 Y N/A
Viper P 0.02 H 0.02 L 0.02 C N/A R 0.145 – 0.001 Y -77.78%
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 28.30 H 29.42 L 28.22 C -3.05% R 30.88 – 21.50 Y N/A
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.
EUROPE (euro)
BMW P 81.77 H 84.88 L 81.58 C -3.38% R 86.88 – 63.27 Y +11.87%
Piaggio P 2.272 H 2.372 L 2.258 C -3.89% R 2.50 – 1.83 Y +8.82%
KTM P 78.00 H 80.02 L 78.00 C -0.13% R 80.02 – 49.12 Y +57.99%
VW P 185.25 H 192.80 L 184.75 C -3.52% R 198.43 – 131.30 Y +9.76%
Notes: Volkswagen is the owner of Ducati Motor Holding
INDIA (rupee)
Hero P 2036.65 H 2062.15 L 2022.50 C -0.83% R 2214.70 – 1434.05 Y +19.05%
Bajaj P 1931.70 H 1940.00 L 1911.85 C -0.38% R 2195.00 – 1656.00 Y -4.9%
TVS P 67.50 H 70.55 L 67.15 C -4.26% R 82.40 – 28.10 Y +63.62%
Eicher P 4921.80 H 5044.95 L 4881.00 C -2.44% R 5340.00 – 2501.00 Y +86.8%
Mahindra P 884.80 H 892.50 L 870.00 C -0.6% R 1025.87 – 740.15 Y -0.39%
Maharashtra P 436.60 H 443.90 L 414.95 C +3.8% R 535.00 – 305.00 Y -11.32%
Scooters India P 14.75 H 15.70 L 14.75 C -2.32% R 40.25 – 13.50 Y -55.57%
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 283.15 H 292.05 L 276.00 C +1.8% R 292.05 – 124.00 Y N/A
Pak Suzuki P 162.99 H 164.50 L 162.02 C -0.01% R 174.00 – 90.55 Y N/A
Notes: Atlas Honda and Pak Suzuki are JV motorcycle assembly and distribution partners.
JAPAN (yen)
Honda P 3995 H 4050 L 3981 C -2.44% R 4405 – 3330 Y +19.25%
Yamaha P 1459 H 1487 L 1450 C -1.88% R 1825 – 1025 Y +35.03%
Suzuki P 2804 H 2852 L 2788 C -2.5% R 2982 – 2049 Y +17.96%
Kawasaki P 468 H 476 L 463 C -2.3% R 496 – 259 Y +81.58%
CHINA (yuan)
Qianjiang P 5.30 H 5.36 L 5.22 C +0.57% R 5.75 – 4.08 Y +31.89%
Qingqi P 3.51 H 3.53 L 3.49 C N/A R 5.19 – 3.34 Y N/A
Zongshen P 4.20 H 4.23 L 4.11 C +0.96% R 6.18 – 3.92 Y -29.9%
Sundiro P 3.70 H 3.74 L 3.65 C +1.09% R 5.29 – 3.37 Y -21.87%
Jialing P 3.29 H 3.34 L 3.25 C +0.61% R 4.68 – 2.90 Y -13.65%
Lifan P 6.17 H 6.26 L 6.10 C +1.48% R 7.64 – 5.11 Y +0.47%
Loncin P 9.90 H 10.00 L 9.35 C +5.21% R 11.06 – 6.78 Y +11.93%
Linhai P 5.05 H 5.08 L 4.98 C +1.2% R 6.59 – 4.42 Y -10.62%
CHINA (Hong Kong dollar)
Jianshe P 5.50 H 5.53 L 5.45 C -0.18% R 6.80 – 5.16 Y N/A
Guangzhou Auto P 8.04 H 8.44 L 8.00 C -4.85% R 10.94 – 5.59 Y +27.6%
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 0.52 H 0.53 L 0.51 C N/A R 0.91 – 0.45 Y –42.22%
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 46.90 H 47.20 L 46.50 C +0.11% R 55.30 – 20.60 Y +127.21%
Notes: Sanyang Industry is the leading Taiwanese powered two-wheeler manufacturer through its widely-exported SYM brand.
MALAYSIA (ringgit)
Oriental Holdings P 7.89 H 8.32 L 7.88 C -0.88% R 10.64 – 7.88 Y -5.31%
Hong Leong P 5.36 H 5.39 L 5.30 C +0.94% R 5.80 – 3.98 Y +28.7%
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 6525 H 6750 L 6525 C -4.04% R 8300 – 5100 Y -13.8%
Notes: Astra International is a Honda JV partner.
SOUTH KOREA (won)
S&T P 570 H 590 L 520 C +7.55% R 599 – 414 Y +16.09%
Daelim P 81,400 H 82,500 L 80,500 C -3.33% R 110,000 – 69,900 Y -7.6%
Notes: 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.