iBuy under pressure, board orders US$216K monthly opex cut - See more at: http://www.digitalnewsasia, page-39

Having bought in earlier this year I have used the current round of weakness to average down. I remain sceptical of a near term upswing not only due to Ensogo's restructuring initiatives' not being fully played out as yet but the compounding effect of de-risking by some of the big players as we go into Christmas. Global growth looks lopsided with the US being the heavy hauler coupled with a slow down in China (or a new norm) counteracting this. I think Europe needs to do more to stimulate regional growth rather getting close to the finishing line but stopping one lap early and claiming victory. In addition, Japan is a stop-start kinda story. Indonesia is an interesting story and I wonder if El Presidente can really reform the economy and stimulate more growth...good for the region if he can!

I feel confident in Ensogo's strategy but I just believe that it was poorly timed against the market downturn, you cant win em all. As the smart players know, E stocks are deleveraging in our region but in a positive sign, the Nasdaq is making gains that may translate into our own little tech sector in 6 or so months.

Good to see some solid insight to the issues facing Ensogo by posters here.