KUALA LUMPUR (Oct 6): Opcom Holdings Bhd has secured a RM67.8 million award by Telekom Malaysia Bhd to supply, deliver, install, test and commission the Line Plant Network project from Oct 1 this year to Sept 30, 2018.

In a filing with Bursa Malaysia today, Opcom said its subsidiary Opcom Cables Sdn Bhd negotiated and accepted the letter of award from Telekom, which also includes associated civil works in Malaysia via schedule of rates.

Opcom said the award was expected to contribute positively towards the group's earnings and net assets for the period of the award.

"The risk factors that may affect the award include, but are not limited to, ordinary business risks, competition risks, operations risks, economic risks and regulatory risks.

"None of the directors and substantial shareholders of Opcom and/or its subsidiaries or any persons connected to them has any interest, direct or indirect, in the award," it added.

Opcom — which manufactures and trades fiber optic cables, systems and accessories — closed 2.5 sen or 3.14% lower at 77 sen for a market capitalisation of RM128.2 million.

Telekom rose five sen or 0.74% to close at RM6.85 giving it a market capitalisation of RM25.55 billion.

(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.)