Chelsey Tam | Morningstar

Morningstar

More From Chelsey Tam

Alibaba’s Taobao Shift and Succession Plan Should Bring Long-Term Benefits

Maintaining our $177 fair value estimate for Alibaba stock; shares significantly undervalued.

Chelsey Tam Jun 20, 2023

Is Alibaba Stock a Buy After Earnings?

With better-than-expected revenue and a planned spin off, here’s what we think of Alibaba shares.

Chelsey Tam Jun 6, 2023

PDD Earnings: Managed Finances Well Despite Temu’s Expansion; China Outlook Upbeat This Year

Chelsey Tam May 30, 2023

Readthrough From Vipshop’s Earnings Indicates Continual Recovery in the Apparel Sector

Chelsey Tam May 25, 2023

Alibaba Earnings: Stock Dividend Distribution of the Cloud Business Is Good for Shareholders

Our fair value estimate for Alibaba stock remains at $177; shares undervalued.

Chelsey Tam May 19, 2023

JD Earnings: Maintaining Our Estimates Despite Margin Surprise in the First Quarter

Chelsey Tam May 12, 2023

JD.com: 2023 Is a Year of Restructuring, Which Will Pressure Sales Growth

Chelsey Tam Apr 14, 2023

Alibaba’s Historic Restructuring Will Unlock the Value of Its Key Business Segments

We’re maintaining our fair value estimate of $177.

Chelsey Tam Mar 29, 2023

PDD Shares Drop After Q4 Results

Chelsey Tam Mar 22, 2023

JD.com’s Growth Outlook for 2023 Less Upbeat Than We Expected

Chelsey Tam Mar 10, 2023

Alibaba Provided Positive Outlook; Investment Will Only Put Small Pressure on Margins

Shares are cheap.

Chelsey Tam Feb 28, 2023

Margin Forecasts at Risk In Light of Our Reservations on JD.com’s Low-Price Strategy

How will the subsidy channel affect it?

Chelsey Tam Feb 24, 2023

JD.com's Q4 Performance Supports a Positive View

JD has a unique advantage in the Chinese e-commerce sector and is the best play of the rising middle class across China in our view.

Chelsey Tam Mar 11, 2022

Why Alibaba's Stock Is Attractive

Despite increased competition, Morningstar's analyst thinks China's e-commerce giant has new growth opportunities to tap.

Chelsey Tam Jan 20, 2022

Amid Regulatory Crackdown in China, Tencent Is a Buy

We're maintaining our $103 per share fair value estimate.

Chelsey Tam Aug 19, 2021

Amid Coronavirus Outbreak, Chinese Internet Firms Could Benefit

We expect e-commerce, online entertainment, education, and business services to see faster adoption rates in the long term.

Chelsey Tam Feb 14, 2020

Travel and Tourism Companies Likely to Be Hardest Hit by Coronavirus Outbreak

To gauge the effect of the quickly spreading coronavirus on the companies we cover, we look back at SARS.

Chelsey Tam Jan 27, 2020

Baidu Still a Buy

Our thesis of significant profit improvement is playing out.

Chelsey Tam Nov 8, 2019

Opportunities Open for Alibaba

A strong network effect makes for a wide moat for this 4-star stock.

R.J. Hottovy Oct 4, 2019

This Travel One-Stop Shop Looks Undervalued

We're more optimistic on its margin expansion potential.

Chelsey Tam Sep 11, 2019

Slicing Ctrip's Fair Value, Shares Still Attractive

In the long term, we think the narrow moat firm's margin expansion story remains.

Chelsey Tam Nov 26, 2018

It's Time to Buy Tencent

We see a good opportunity to invest in this wide-moat Internet giant.

Chelsey Tam Nov 16, 2018

Undervalued Ctrip Is Just Getting Started

We expect to see increasing revenue growth in the rest of the year as comparisons become easier.

Chelsey Tam May 23, 2018

A Fair Value Hike for Weibo

The narrow-moat firm's network effect with 392 million users will continue to drive sales growth and help protect against increasing competition.

Chelsey Tam Apr 9, 2018

Good News From JD Leads to Lift in Fair Value

The no-moat firm is on track to achieve profitability this year.

Chelsey Tam Nov 14, 2017

Chelsey Tam is a senior equity analyst for Morningstar.* She covers Chinese e-commerce and logistics stocks, such as Alibaba, JD.com, Pinduoduo, SF Holding, and ZTO Express. She is also experienced in covering retail companies.

Before joining Morningstar in 2013, Tam was a sell-side analyst at a securities firm in Hong Kong covering small- to mid-cap companies. Before that, she was a buy-side associate covering Macau gaming companies.

Tam holds bachelor’s degrees in commerce (finance) and economics from the University of Toronto.

*Morningstar Asia Limited (“Morningstar”) is a wholly owned subsidiary of Morningstar, Inc.

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