There are some things that need to be look at positively
- they understood they need to move more to eCommerce
- Groupon is gone from Thailand, Ensogo's best performing country
- now in Thailand is one giant - Lazada... then Ensogo .... and nobody worth mention after
-> so they have good position on high growing market
- still enough cash for 5.5q even with no improvements
- they never have problem raising more cash from instos
Groupon & eCommerce shift happened very recently so this hopefully shows up in Q4
E88 Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
