Sunway Berhad Warrants
Sunway Berhad is a Malaysian conglomerate spanning property development, construction, healthcare and education. That mix makes it one of the more cyclical single-stock warrant underlyings on Bursa — earnings swing with the property and construction cycle rather than moving in step with the broad index.
Curated Sunway Berhad warrant listings
| Underlying | Issuer | Type | Moneyness | Strike | Break-even | Eff. gearing | Premium | Expiry | Listing |
|---|---|---|---|---|---|---|---|---|---|
| Sunway BerhadMalaysia · SUNW-CA | Macquarie | call warrant | OTM | MYR 4.2 | MYR 4.53 | 5.8× | 2.1% | 15 Jan 2027154d left | View live ↗ |
| Sunway BerhadMalaysia · SUNW-PA | RHB | put warrant | OTM | MYR 3.6 | MYR 3.36 | 5.0× | 1.5% | 15 Jan 2027154d left | View live ↗ |
Curated snapshot for education only — not live pricing. Moneyness, break-even, effective gearing, and premium are Black-Scholes model estimates over each row's snapshot reference price (rate 3%, per-row sample IV) and will differ from live market values. Click "View live ↗" for the issuer/exchange's authoritative listing.
What-if scenario simulator
Pick a curated Sunway Berhadwarrant and slide the underlying move to see how the Black-Scholes model estimates the warrant's value would respond — an educational illustration of gearing, not live pricing.
+5.0%
+31.1%
- Effective gearing
- 5.8×
- Delta
- 0.1193
- Days to expiry
- 154d
Black-Scholes model estimate over the curated snapshot reference price (IV 40%, rate 3%) — illustrative education only, not live pricing or investment advice.
Price a Sunway Berhad warrant
Try the calculator prefilled with a representative Sunway Berhad warrant (SUNW-CA).
Open the pricing calculator →Why Sunway appears as a warrant underlying
Issuers list structured warrants on underlyings that retail traders follow and that trade with enough volume to hedge. Sunway qualifies on both counts, and its conglomerate structure gives it a distinct profile: a property cycle turn or a large construction award can move the share meaningfully, which is exactly the kind of directional view a warrant is built to express.
What a cyclical underlying means for the warrant
Higher expected volatility raises implied volatility, and implied volatility is a direct input into the warrant premium. A Sunway warrant will generally cost more in time value than an equivalent warrant on a large bank with the same strike and expiry. You are paying for the wider range of outcomes — which helps if the move arrives, and costs you if the share drifts sideways.
What to check before trading one
Compare the exercise ratio across issuers before comparing prices — a warrant that looks half the price of another may simply have twice the ratio. Then check effective gearing rather than plain gearing, and look at the issuer's live matrix for the actual bid-ask you would pay to get in and out.
FAQ
Are Sunway warrants more volatile than warrants on Malaysian banks?
Typically yes. Sunway's earnings are tied to the property and construction cycle, which produces wider share price swings than a large retail bank. That feeds into a higher implied volatility and so a higher time value for a comparable strike and expiry.
Do Sunway dividends affect the warrant price?
Indirectly. Issuers price expected dividends into the model at issue, so an expected dividend is already reflected. What matters to you is a corporate action — a bonus issue, rights issue or share split triggers a formal adjustment to the exercise price and exercise ratio, announced by the issuer.
See all structured warrants or browse Malaysia warrants.