Undervalued Ctrip Is Just Getting Started

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

Securities In This Article
Trip.com Group Ltd ADR
(TCOM)

We maintain narrow-moat

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About the Author

Chelsey Tam

Senior Equity Analyst
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Chelsey Tam is a senior equity analyst, Asia, for Morningstar*. She covers China e-commerce stocks and logistics names. She covers Alibaba, JD.com and Pinduoduo, SF Holding, ZTO Express and is 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 mainly.

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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