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    DIAL.N0000   LK0348N00009

DIALOG AXIATA PLC

(DIAL.N0000)
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End-of-day quote. End-of-day quote Colombo Stock Exchange - 07/28
11.7 LKR   0.00%
06/25DIALOG AXIATA PLC : Ex-dividend day for final dividend
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06/18DIALOG AXIATA : Clarification on Newspaper Article
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06/08DIALOG AXIATA : Dealings by Directors
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Tuya Smart and Dialog Axiata co-develop smart products for Sri Lankan market

02/24/2020 | 07:39am EDT

Global AI+IoT leader Tuya Smart and Sri Lanka's premier connectivity provider, Dialog Axiata PLC, have announced a new partnership to develop smart home solutions for the growing Sri Lankan market. This partnership grants Dialog access to Tuya's robust platform that enables IoT, secure cloud, data connectivity, and networking solutions.

Tuya identified Dialog as a crucial partner to serve Sri Lanka's growing demand for affordable and accessible smart home products. "We see the Sri Lankan smart home market as a key one for our global expansion and are enthusiastic about helping Dialog become a driving force in their home market," said Tuya Asia Pacific General Manager Ross Luo.

"We'll achieve this by providing our leading platform and expertise to help them deliver smart home products at a lower cost." The co-developed smart products are fully compatible with Dialog's SmartLife app, which offers customers a customisable, secure and seamless intelligent home experience.

"Dialog's SmartLife brings 'the Future. Today' to Sri Lankan homes and small enterprises.

From anywhere and at any time, SmartLife users now can control their home and office appliances such as ACs and lights, receive real-time burglar alarms, or give them peace of mind by checking on their kids at home through a camera. We are happy to partner with Tuya to ensure state of the art, reliable and secure connected devices are available in Sri Lanka with an ever-growing choice.

SmartLife is designed to grow with the expanding requirements of our customers, from one smoke sensor or video doorbell to a fully connected home," said Dialog Group Chief Operating Officer Dr. Rainer Deutschmann.

South Asian Technologies is proud to partner with Dialog to offer a variety of innovative IoT smart devices from Tuya to Sri Lankan consumers as a part of Dialog's SmartLife solution. "We are confident that this partnership with Dialog will create a new lifestyle in the community, guaranteeing a truly smart and connected home experience," commented South Asian Technologies Ltd.

CEO Sanjaya Padmaperuma. Tuya provides a global-leading AI+IoT platform that brings smart products to life for manufacturers, brands, OEMs and retail chains.

The platform offers hardware access, cloud services and app development. Tuya also helps brands upgrade their technology and business models, enabling them to deliver smart devices to meet consumer demand.

The company serves more than 180,000 clients in over 190 countries powering products such as lighting, appliances, environmental and surveillance equipment. Tuya is internationally operated, with local headquarters in the US, China, Germany, Japan, and India.

Dialog Axiata Group, a subsidiary of Axiata Group Berhad (Axiata), operates Sri Lanka's leading quad-play connectivity provider. Dialog has been at the forefront of innovation in Sri Lanka's mobile industry for decades, propelling the nation's mobile telephone infrastructure to be on par with international standards.

Dialog delivers advanced mobile phone and high-speed mobile broadband services to over 14 million Sri Lankan customers through 2.5G, 3/3,5G and 4/4.5G, and showcased the first 5G pilot in South Asia.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
AXIATA GROUP BERHAD 0.00% 3.82 End-of-day quote.2.14%
DIALOG AXIATA PLC 0.00% 11.7 End-of-day quote.-5.65%
DIALOG GROUP BERHAD 0.35% 2.86 End-of-day quote.-17.10%
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Financials
Sales 2021 132 B 664 M 664 M
Net income 2021 13 803 M 69,5 M 69,5 M
Net Debt 2021 - - -
P/E ratio 2021 6,92x
Yield 2021 7,18%
Capitalization 95 634 M 481 M 482 M
Capi. / Sales 2021 0,73x
Capi. / Sales 2022 0,68x
Nbr of Employees 3 884
Free-Float 98,6%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 11,70 LKR
Average target price 14,50 LKR
Spread / Average Target 23,9%
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Managers and Directors
Wewage Viranga Supun Dep Weerasinghe Chief Executive Officer & Director
Wai Yip Yap Group Chief Financial Officer
Nai Pek Lau Chairman
Palliyaralalage Don Vincent P. K. De Almeida Group Chief Technology Officer
Lasantha Theverapperuma Group Chief Operating Officer
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