DIAL Community

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Re: DIAL Community

Postby PAT » Wed Oct 12, 2016 11:23 pm

Axiata to continue Dialog operations with more investments

http://www.dailynews.lk/2016/10/12/business/95596
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Re: DIAL Community

Postby SHARK » Fri Oct 14, 2016 1:24 am

stocks hunter wrote:Good news for DIAL investors. This sale should done much higher price than the present trading price of DIAL to my knowledge.

What's your view sashi? At what price this Malaysian company bought DIAL initially?. They did massive developments after that.. Should fetch a better price for their committed service done for the Srilanka.

dial.png


CMP seem a good technical entry
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Re: DIAL Community

Postby SHARK » Fri Oct 14, 2016 1:02 pm

Support around 11 with Target 13 and 14
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Fitch sees strong growth for Sri Lankan telcos despite higher taxes

Postby NUMBER CRUNCHER » Fri Oct 21, 2016 8:45 am

Fitch sees strong growth for Sri Lankan telcos despite higher taxes

ECONOMYNEXT – Higher use of data services should help Sri Lankan telecommunications firms like Dialog Axiata and Sri Lanka Telecom grow strongly, Fitch Ratings said, maintaining a stable outlook on the sector.

“The stable outlook reflects Fitch's expectation of data-led high-single-digit revenue growth in 2017, despite re-introduction of Value Added Tax (VAT),” it said in a report on the sector.

“We expect data's contribution to revenue to rise to around 18%-20% in 2017 from around 15% in 2016, given low data tariffs and the availability of cheaper smartphones. Both SLT's and Dialog's Free Cash Flow will be negative in 2017 due to significant capex requirements.”

Fitch Ratings said it has maintained a stable outlook on Sri Lanka's telecoms sector with the credit profiles of Sri Lanka Telecom (SLT, B+/Negative/AAA(lka)/Stable) and Dialog Axiata PLC (Dialog, AAA(lka)/Stable) expected to remain steady despite higher taxes and large capex.

“The ratings of both telcos benefit from high headroom capable of absorbing some margin dilution and lower cash generation,” the report said.

But the rating agency said regulatory risks have increased since the new government took office in 2015 and raised taxes on telcos.

Effective May 2016, the government imposed a value-added tax of 15% and nation building tax (NBT) of 2% on telecom services, raising the tax on voice and data services to 50% and 32%, respectively (earlier: 28% and 12%).

VAT has been suspended since July 2016, but Fitch said it expects it to be reintroduced in the budget to be announced during November 2016.

“We still expect two smaller, unprofitable telcos - Hutchison Lanka and Bharti Airtel Limited's (BBB-/Stable) Sri Lankan subsidiary, Airtel Lanka - to exit the industry amid competition and the uncertain tax regime,” the report also said.

“Their business model is unviable, given the small addressable population (21 million) and the presence of a regulatory tariff floor on voice services that limits their ability to boost market share.”
(COLOMBO, Oct 21, 2016)
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Re: Fitch sees strong growth for Sri Lankan telcos despite higher taxes

Postby SHARK » Fri Oct 21, 2016 9:03 pm

NUMBER CRUNCHER wrote:Fitch sees strong growth for Sri Lankan telcos despite higher taxes

ECONOMYNEXT – Higher use of data services should help Sri Lankan telecommunications firms like Dialog Axiata and Sri Lanka Telecom grow strongly, Fitch Ratings said, maintaining a stable outlook on the sector.

“The stable outlook reflects Fitch's expectation of data-led high-single-digit revenue growth in 2017, despite re-introduction of Value Added Tax (VAT),” it said in a report on the sector.

“We expect data's contribution to revenue to rise to around 18%-20% in 2017 from around 15% in 2016, given low data tariffs and the availability of cheaper smartphones. Both SLT's and Dialog's Free Cash Flow will be negative in 2017 due to significant capex requirements.”

Fitch Ratings said it has maintained a stable outlook on Sri Lanka's telecoms sector with the credit profiles of Sri Lanka Telecom (SLT, B+/Negative/AAA(lka)/Stable) and Dialog Axiata PLC (Dialog, AAA(lka)/Stable) expected to remain steady despite higher taxes and large capex.

“The ratings of both telcos benefit from high headroom capable of absorbing some margin dilution and lower cash generation,” the report said.

But the rating agency said regulatory risks have increased since the new government took office in 2015 and raised taxes on telcos.

Effective May 2016, the government imposed a value-added tax of 15% and nation building tax (NBT) of 2% on telecom services, raising the tax on voice and data services to 50% and 32%, respectively (earlier: 28% and 12%).

VAT has been suspended since July 2016, but Fitch said it expects it to be reintroduced in the budget to be announced during November 2016.

“We still expect two smaller, unprofitable telcos - Hutchison Lanka and Bharti Airtel Limited's (BBB-/Stable) Sri Lankan subsidiary, Airtel Lanka - to exit the industry amid competition and the uncertain tax regime,” the report also said.

“Their business model is unviable, given the small addressable population (21 million) and the presence of a regulatory tariff floor on voice services that limits their ability to boost market share.”
(COLOMBO, Oct 21, 2016)

Thanks NC

We see Fundamentals and Technicals compliment well for this sector with this news :-bd
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Telecommunication Levy on internet services increased

Postby NUMBER CRUNCHER » Fri Nov 11, 2016 4:30 am

Finance Minister Ravi Karunanayake today said that the Telecommunication Levy on Internet services will be increased to 25%. Delivering the 2017 budget speech in Parliament, he also said that a SIM Activation Levy of Rs 200 will be imposed for a SIM.

Digitalization

The minister added that all mobile operators will be given a 6 months period to convert their infrastructure enabling to provide 3G facility and a surcharge at Rs. 100 million per district will be imposed for failing to provide such facility. All metro areas have to be converted to 4G by 30th June 2018, he said. The present Annual Spectrum Charge will be increased by 25%, Karunanayake said.

See more at: http://www.adaderana.lk/news/37802/tele ... GkQg8.dpuf
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Axiata Group’s Sri Lankan telecom arm to enter BPO business

Postby NUMBER CRUNCHER » Wed Nov 23, 2016 9:01 pm

Malaysia’s telecom giant Axiata Group Bhd’s, Sri Lankan subsidiary Dialog Axiata Plc has announced to form Dialog Business Services (Pvt) Ltd (DBS), a company that will provide business process outsourcing (BPO) services.

In an announcement at Bursa Malaysia on Wednesday, Axiata said that it has already informed Colombo Stock Exchange on the new BPO firm that it formed on Tuesday.

Dialog Axiata, an 83.3 per cent-owned subsidiary of Axiata is headquartered in Colombo and is Sri Lanka’s largest telecommunications service provider and commands at least 50 per cent of the Sri Lankan mobile market.

The new company, “DBS was incorporated with a stated capital of LKR10. The nature of business to be carried by DBS is to carry out the business of providing Business Process Outsourcing (BPO) services including call center services,” Axiata said in its announcement.

The incorporation of a BPO business in Sri Lanka is not expected to have any material effect on the earning and net assets of Axiata for financial year ending December 31, 2016 it said.

Axiata’s move is in line with other regional players who are shown interest in Sri Lankan BPO industry as Colombo-government has been backing the BPO industry for employment generation in suburban and rural areas.

Targetting to make Sri Lanka an Information and Communications Technology (ICT) hub, the government established ICT centres throughout the country with the view to improving awareness in IT.

Source : http://bizenglish.adaderana.lk/axiata-g ... -business/
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Re: DIAL Community

Postby Contra » Thu Jan 12, 2017 1:05 pm

I believe there could be some opportunity (active period) in DIAL in 2017/18. Did you forget this one?
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Re: DIAL Community

Postby Contra » Tue Jan 17, 2017 1:02 pm

Slowly some interests are building towards DIAL as well.
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Re: DIAL Community

Postby Blue Whale » Tue Jan 17, 2017 1:05 pm

Dialog will report a super profit for the FY ending 31st December but their Q4 PAT should be lower due to the reintroduction of VAT. And I am expecting a PAT close to 9Bn this year. @017 the PAT should drop from their.
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Re: DIAL Community

Postby Contra » Thu Jan 19, 2017 1:43 pm

Even today, DIAL is looking steady.
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Re: DIAL Community

Postby PAT » Thu Feb 09, 2017 8:07 pm

Sri Lanka's Dialog Axiata December net doubles to Rs1.25bn

ECONOMYNEXT - Sri Lankan celco Dialog Axiata said December 2016 quarter net profit rose 102% to Rs1.25 billion from a year ago but was much lower than the previous quarter after a tax hike slowed sales and earnings growth.

Group sales in the quarter grew 13.7% to Rs22.8 billion, according to interim accounts filed with the stock exchange.

Dialog Axiata's net profit in the September 2016 quarter was Rs2.8 billion.

Earnings per share for the quarter were 15 cents. The share was last traded at Rs10.60.

EPS for the financial year ending 31 December 2016 were Rs1.11 with net profit up 74% to Rs9 billion and sales up 17% to Rs87 billion.

The accounts showed continued losses in the Dialog Axiata group’s television and broadband businesses.

A statement accompanying the accounts said Dialog Television (DTV) continued its “positive growth momentum, recording a revenue growth of 5% YoY and QoQ to reach Rs6.1 billion for FY 2016 and Rs1.5Bn for Q4 2016.

“Notwithstanding revenue growth, EBITDA (earnings before interest, taxes, depreciation, and amortization) contracted by 37% YoY to Rs383 million, due to direct cost expansion accruing from product enhancements featuring the expansion of channel genres.

“ . . . on a QoQ basis, EBITDA contracted 24%. The decline in EBITDA translated to an equivalent negative impact on NPAT leading to a net loss of Rs644 million for FY 2016 and a net loss of Rs298 million for Q4 2016,” the statement said.

Dialog Broadband Networks (DBN) sales grew 28% to Rs9.3 billion for FY 2016 and 7% to Rs2.6 billion in Q4 2016.

“Downstream of strong revenue performance, DBN EBITDA for FY 2016 was recorded at Rs4.0 billion and Rs1.2 billion in Q4 2016, representing an increase of 39% YoY and 25% QoQ respectively,” the statement said.

“DBN's net loss for FY 2016 increased to Rs385 million relative to the net loss of Rs133 million recorded in FY 2015 underpinned by the higher depreciation and finance cost.”

The statement said the 4th Quarter featured the re-introduction of Value Added Tax (VAT) effective 1st November 2016, which moderated revenue growth to 5% Quarter-on-Quarter to reach Rs22.8 billion.

"On a QoQ basis EBITDA declined 4% to post at Rs7.4 billion."

Dialog Axiata said group net profit declined 56% QoQ to be Rs1.3 billion for Q4 2016 due to lower EBITDA combined with increased depreciation and higher non-cash translational forex losses.
(COLOMBO, Feb 09 2017)
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Re: DIAL Community

Postby Blue Whale » Fri Feb 10, 2017 1:08 am

Blue Whale wrote:Dialog will report a super profit for the FY ending 31st December but their Q4 PAT should be lower due to the reintroduction of VAT. And I am expecting a PAT close to 9Bn this year. @017 the PAT should drop from their.


How is my target for Dialog and the Q4 result. Spot on ne :D
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Re: DIAL Community

Postby SHARK » Fri Feb 10, 2017 1:36 am

FY spot on Q4 spot off :D
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Re: DIAL Community

Postby PAT » Sat Apr 01, 2017 12:03 am

DIALOG AXIATA PLC
Company ID:- DIAL
Date of Initial Announcement:- 09.Feb.2017
Rate of Dividend:- Rs. 0.39 per share (Subject to tax) / Final Dividend
Financial Year:- 2016
Shareholder Approval:- Required
AGM:- 09.May.2017
XD:- 12.May.2017
Payment:- 22.May.2017
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Re: DIAL Community

Postby PATHFINDER » Mon Apr 10, 2017 6:44 pm

DIAL was steady even in red ASI days.
The trend would stop at 11.60-11.70 as there is a resistance.
I expect it to hit the resistance and fall in XD.
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Re: DIAL Community

Postby Value » Mon Apr 10, 2017 7:47 pm

DIAL is an ignored share by most retailers. One of the most undervalued share of a company with excellent management. Like some other shares in cse, this suffers due to government intervention to an unacceptable level.

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Re: DIAL Community

Postby NC+ » Thu Apr 20, 2017 4:11 pm

Sri Lanka's Dialog Telecom, customers pay Rs317bn to state

ECONOMYNEXT - Sri Lanka's Dialog Telecom paid income taxes and levies of 31.7 billion rupees to the state, on net revenues of 86.7 billion rupees, data published by the firm sid.

The firm itself paid 10.7 billion rupees in fees and levies to the government Dialog Chief Hans Wijayasuriya told shareholders in the annual report.

Dialog pays income taxes at a 2 percent of revenue under a long term deal with the Board of Investment concession, which can be a high rate of taxation in a low margin business or a low rate in a high margin business.

Telecom firms also pay frequency fees to the Telecom regulator.

The group reported 1.5 billion rupees of corporate tax and pre-tax profits of 10.5 billion rupees, up from 6.7 billion rupees a year earlier. The core telecom firm reported pre-tax profits of 11.9 billion rupees.

Turnover taxes of 21 billion rupees on revenues of 86.7 billion rupees indicates that telecom users pay around 24 percent in turnover taxes in a country with maximum 15 percent value added tax rate.

Sri Lanka's current administration ratecheted up taxes on telecom firms in what was called 'revenge taxes' undermining the country's standing as a safe destination for investment.

Sri Lanka's telecom sector became a tax cash cow for the government following de-regulation and privatization of the sector under then Telecom Minister Mangala Samaraweera.

Samaraweera broke a state monopoly in fixed services and licenses more mobile players. Telecom privatization ended 10-year waiting lists, as well as low call connection rates in a congested network.

Prices initially spiked amid tariff rebalancing involving slashing of global termination fees, and fell amid increased competition later. (Colombo/Apr20/2017)
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Re: DIAL Community

Postby future123 » Thu Apr 20, 2017 11:45 pm

Sri Lanka's Dialog Telecom, customers pay Rs31.7bn to state
Apr 20, 2017 10:04 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka's Dialog Telecom paid income taxes and levies of 31.7 billion rupees to the state, on net revenues of 86.7 billion rupees, data published by the firm sid.

The firm itself paid 10.7 billion rupees in fees and levies to the government, Dialog chief Hans Wijayasuriya told shareholders in the annual report.

Dialog pays income taxes at 2 percent of revenue under a lon-term deal with the Board of Investment concession, which can be a high rate of taxation in a low-margin business or a low rate in a high-margin business.

Telecom firms also pay frequency fees to the telecom regulator.

The group reported 1.5 billion rupees of corporate tax and pre-tax profits of 10.5 billion rupees, up from 6.7 billion rupees a year earlier. The core telecom firm reported pre-tax profits of 11.9 billion rupees.

Turnover taxes of 21 billion rupees on revenues of 86.7 billion rupees indicate that telecom users pay around 24 percent in turnover taxes in a country with a maximum 15 percent value-added tax rate.

Sri Lanka's current administration raised taxes on telecom firms in what was called 'revenge taxes', undermining the country's standing as a safe destination for investment. Sri Lanka's telecom sector became a tax cash cow for the government following the de-regulation and privatization of the sector under then-telecom minister Mangala Samaraweera.


Samaraweera broke a state monopoly in fixed services and licenses for mobile players. Telecom privatization ended 10-year waiting lists, as well as low call connection rates in a congested network.

Prices initially spiked amid tariff rebalancing involving slashing of global termination fees, and fell amid increased competition later. (Colombo/Apr20/2017)

http://www.economynext.com/Sri_Lanka_s_ ... 803-1.html

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Re: DIAL Community

Postby Blue Whale » Fri Apr 21, 2017 12:16 am

Dialog Q1 results will not be attractive compared to last year due to VAT. However form Q2 onwards we can see a growth QoQ.
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Re: DIAL Community

Postby dhanurrox » Tue May 09, 2017 11:05 pm

https://cdn.cse.lk/cmt/upload_report_fi ... 3.2017.pdf

Results is not that good.XD also on Friday.More than 50 cents drop on the way.

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Re: DIAL Community

Postby Blue Whale » Wed May 10, 2017 7:44 am

Blue Whale wrote:Dialog Q1 results will not be attractive compared to last year due to VAT. However form Q2 onwards we can see a growth QoQ.


How was my prediction. Again spot on ne.
Friday being the XD date there will be a definite reduction and on top of that this decline in PAT reaction.
The question is what would be the market on Friday. Will it hold the ground or end in red. :-?

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Re: DIAL Community

Postby Blue Whale » Fri May 12, 2017 10:15 am

Being the day of XD it is strange how the stock holding the ground. Even after a reduction in profits by a larger percentage. Really amazing if it managed close at these levels today. :)
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Re: DIAL Community

Postby PAT » Fri May 12, 2017 1:08 pm

Sri Lanka Dialog Axiata’s March 2017 net down 42-pct
May 12, 2017 11:43 AM GMT+0530

ECONOMYNEXT – Sri Lanka’s Dialog Axiata said net profit fell 42% to Rs1.5 billion in the March 2017 quarter from a year ago on higher costs and foreign exchange losses while sales fell from the previous quarter owing to increased consumption taxes.

The dominant mobile phone operator’s total group sales rose 5% to Rs22.2 billion in the quarter from a year ago, according to interim accounts filed with the stock exchange.

Earnings per share for the March quarter fell to 19 cents from 33 cents the year before. Income tax expenses rose 18%.

“The first quarter revenue contracted 3% relative to Q4 2016 as consumer spending was restrained by increased consumption taxes on communication services spanning mobile, fixed, broadband and pay television,” a company statement said.

Dialog Axiata’s group EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) for the March 2017 quarter grew 3% to reach Rs7.2 billion from a year ago.

But group EBITDA contracted 3% quarter on quarter on the back of the drop in sales, the company said. Group EBITDA margin for the quarter was 32.6%.

Dialog Axiata’s group net profit was impacted by an increase in depreciation and net finance cost and forex losses.

However, net profit in the March 2017 quarter grew 24% compared with the previous quarter.

This was “driven by lower non-cash translational forex losses as the Sri Lankan rupee depreciated against the United States dollar by 1.5% in Q1 2017 compared to 2.2% during Q4 of 2016,” the statement said.
(COLOMBO, May 12, 2017)
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Re: DIAL Community

Postby Blue Whale » Fri May 12, 2017 1:23 pm

Thanks PAT.
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