-- China Merchants Bank (SHA:600036, HKG:3968) named Wang Xiaoqing as its new president on Thursday, according to a same-day Hong Kong bourse filing.
The appointment is subject to the approval of China's National Financial Regulatory Administration.
Wang is currently the Secretary of the CPC CMB Committee.
The lender's previous president, Wang Liang, stepped down earlier Thursday due to old age.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target price by $5 to $125, 15.5x our 2026 P/FFO estimate, below self-storage peers (16.7x) given EXR's weak NOI growth outlook and elevated debt levels. We decrease our 2026 FFO estimate by $0.20 to $8.04 and lower 2027 by $0.21 to $8.31. Despite a stronger Q1 same-store performance than expected, management did not increase guidance, which we believe is due to macroeconomic factors that are affecting new customer demand growth (primarily higher gas prices and inflation). These trends have been more pronounced in Sun Belt markets (similar to all self-storage REITs), as the excess supply has severely limited rental growth in the past 18 months. We believe 2H 2026 will have weaker same-property performance, even if the macroeconomic environment improves due to stronger Y/Y comps from 2H 2025. We also see a new risk that PSA's partnership with Welltower Inc (WELL) may negatively impact EXR's value proposition for its third-party management platform.
Microsoft-backed (MSFT) OpenAI, Meta Platforms (META) and other artificial intelligence companies face a proposed legislation backed by a Senate committee that would require the companies to stop minors from using chatbots amid growing concerns about harm to children and teenagers, Bloomberg reported Thursday.The bill would mandate strict age verification and prohibit AI companions for minors, as well as ban sexually explicit content and any chatbot messages that encourage self-harm, the report added.Meta and Microsoft didn't immediately reply to' request for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $400.03, Change: $-24.43, Percent Change: -5.76%
Enduro Metals (ENDR.V) on Thursday said it is upsizing a "best efforts" private placement to $7.8 million from $5 million.The offering will now consist of the sale of 9.4-million non-flow-through units (NFT units) priced at $0.16 each and made up of a share and one half of a three-year warrant to buy a share for $0.24.It will also place up to 28.6-million charity flow-through units for $0.22 each and made up of a tax-advantaged share and one half of a warrant with the same terms.The company will concurrently place up to 6.6-million NFT units at $0.16 apiece for up to $1.1 million on a private placement basis "pursuant to other applicable exemptions from the prospectus requirements under Canadian securities laws".Proceeds from the sale of NFT units and the concurrent private placement will be used for exploration and development at its mineral projects and for working capital and general corporate needs.Shares of the company were last seen down $0.01 at $0.165 on the TSX Venture Exchange.Price: $0.17, Change: $-0.01, Percent Change: -5.71%