Bought at 0.37 average price, the stock is now U-turn heading to possitive direction after holding for 8 months. Now the sky is clearer and brighter.

With the step-down price 7 cents per year, the warrant has a potential to move up 7 cents per year till 2024 before the warrant expired.

The mother share Sunway has a great potential. Most of the property counters are not doing well in this groomy day. Sunway still maintain good quarterly result. 

Mother share is moving upward. Quarterly earning is persistent and moving upward. The warrant exercise price is step-down 7 cents per year. Based on current warrant price, it is about 20% discount per year. If I translate 20% discount to warrant price, it will be 8 cents increase per year on warrant price.

During the first two years, this warrant is adjusting and finding it own support level. The price dropped from 60 cents in Oct-17 to 25 cents in Dec-18 and rebound to 42 cents in Apr-19, thereafter this warrant found its support level and gradually grow up trend. 

The current support level is 40-42.

The next support level is anitcipated at 48-50 Oct-20 onward after 7 cents exercise price step down to 1.65 on Oct-20. 

Based on the 20% grow rate, the forecast as below,

Oct-19 : 40-42 : 1.79

Oct-20 : 48-50 : 1.72

Oct-21 : 58-60 : 1.65

Oct-22 : 62-68 : 1.58

Oct-23 : 70-78 : 1.51

Oct-24 : 80-88 : 1.44 - mature and exercise the warrant