http://klse.i3investor.com/blogs/undervaluedbursagems/170989.jsp

1Q 2018 EPS 13.30

If another 3 quarter of 2018 manage to maintain such EPS, no doubt..... easily can hit and break the EPS, with this assumption, 4 x 13 = 0.52 sen.

This is really an amazing company that make such big profit.

So will our new finance minister Lim Guan Eng bring wealth to IDEAL?

Let wait and see.......

PDP Penang Transportation Master Plan Announcement:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4828133

Gamuda - 60%

Ideal Property Development Sdn Bhd - 20%
Loh Phoy Yen Holdings Sdn Bhd - 20%

Both of the company is a Penang base company which have a good relation with the state government.

Loh Phoy Yen is the Boon Siew group daughter company if not mistaken.

Yes, the chairman is the good kaki with ex-CM Lim Guan Eng. But now also a very good relationship with current Penang new CM and state assembly members. More housing development project will be offer to IDEAL without any doubt.

Not only that, the major thing is Penang Transportstion Master Plan ~ LRT, which the chairman private company Ideal Property Group Sdn Bhd have the PDP fee of 20% share which the project worth 55bil in total (60% own by Gamuda). The project should be approve very soon as the Pakatan government will raise green light any time. So when the project kick start, the chairman will definitely inject the company into IDEAL for raise capital and create the multi billion dollar company of IDEAL market capital.

Not surprise if the share price can have triple up to RM 3.50 - RM 4.50 this year end.

The coming company quarterly result will be blow up like triple or more as the project of i-Santorini, One Foresta and Forest Ville will contribute to the profit.

By this year end, there should have a corporate activity, in term of asset injecting or possible a special dividend of RM 0.10

No doubt, this is the gem counter that has transformed and pending the stock market to react on it value and recognise the name IDEAL to everyone......