Australia's Beam Communications jumps on receiving product orders

Chunghwa Telecom Co

15/12/2021 02:41

** Shares of satellite telecom co  BCC.AX  rise as much as
4% to A$0.390, on track for their biggest pct gain since Nov.30
    ** Says co has received additional orders for 26,960 ZOLEO
devices from its joint venture (JV) entity for delivery next
year  urn:newsml:reuters.com:*:nGLF9jPGHD
    ** ZOLEO Inc is a JV between BCC and Roadpost Inc for
developing global messaging solutions, including wireless
devices and applications 
    ** Says the recent order is more than double the size of
previous orders, bringing the total number of orders in Dec.
quarter to 38,960 an increase of 212% Y-o-Y 
    ** Adds that around half the units ordered this month are
scheduled to be delivered in Q4 FY22 with the balance due in Q1
FY23
    ** Shares hit their highest level since Dec.8 
    ** More than 448,000 shares change hands, compared with the
30-day average volume of ~282,300 shares 
    ** Stock has risen 10% this year as of last close
    

 (Reporting by Roushni Nair in Bangalore)
 ((Roushni.Nair@thomsonreuters.com))