KUALA LUMPUR (Sept 2): Sarawak Cable Bhd has clinched a RM19.12 million contract to supply 275kV power transmission lines for Samalaju Industrial Park Phase 1 and 2 in Sarawak.

In a filing with Bursa Malaysia today, the power cable and wire manufacturer said its wholly-owned subsidiary Sarwaja Timur Sdn Bhd has received a letter of acceptance from Sarawak Energy Bhd for the design, supply, delivery, erection and commissioning of the transmission line project.

"The project is expected to contribute positively to the earnings and net assets of Sarawak Cable Group for the financial years ending Dec 31, 2015 to 2017," it added.

Sarawak Energy holds a 16.53% stake in Sarawak Cable as at April 27, 2015. 

Shares in Sarawak Cable (fundamental: 0.55; valuation: 2) closed unchanged at RM1.29 today, giving it a market capitalisation of RM408.99 million. 

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)