Portfolio expansion

SINGAPORE (Mar 29): CIMB is upgrading its call on Mapletree Greater China Commercial Trust (MGCCT) to “add” compared to “hold” previously, with a higher target price of $1.30.

SINGAPORE (Mar 8): Frasers Hospitality, a member of Frasers Property Group, is set to double its footprint in the Middle East to 13 properties over the next few years.

SINGAPORE (Mar 5): Memories Group, the tourism-focused company based in Myanmar formerly known as SHC Capital Asia, has agreed to acquire luxury yachting business Burma Boating from its owners for Kyat 1.3 billion ($1.3 million).