Daily Briefing: Check out the biggest loser amongst REITs; Ezion wins $1.5b refinancing package

And Bitcoin fights back as price rises above US$8,000.

From The Motley Fool:

CapitaLand Commercial Trust (SGX: C61U) is another REIT that released its latest earnings update in late January. The REIT’s update was for 2017’s fourth quarter and the whole year.

As a quick introduction, CapitaLand Commercial Trust has ownership (either full or partial) over 10 commercial properties in Singapore, which includes Capital Tower, Six Battery Road, Bugis Village, Raffles City and One George Street.

The REIT had endured a mixed quarter. Its net property income for 2017’s fourth quarter fell by 4.0% year-on-year to $67.96m, on the back of a 3.8% decline in gross revenue to $86.29m. But, its distributable income grew 6.0% to $75.03m.

Read more here.

From Deal Street Asia:

A group of banks – DBS, OCBC, UOB, Maybank, and CIMB – and Caterpillar Financial have agreed to provide Ezion Holdings with a refinancing package of approximately $1.5b, which will stretch over six years.

In a statement, Ezion Holdings, a Singapore-listed offshore and marine group, said it has successfully secured refinancing from its six secured lenders, marking its last leg of refinancing and restructuring exercise before seeking approval from shareholders.

The refinancing package includes minimal fixed principal repayments and decreased interest rates for these loan facilities as well as an aggregate of up to $118m in additional revolving credit facilities.

Read more here.

From Coindesk via Yahoo! Finance:

Bitcoin's quick recovery from a minor wobble during Asian trading hours has strengthened its bull-case scenario, technical charts indicate

As of writing, CoinDesk's Bitcoin Price Index (BPI) is at US$8,165 – up 3.9% from the overnight low of US$7,573. That said, the cryptocurrency is still down 3.7% from the previous day's high of $8,582.

On Coinbase's GDAX exchange, BTC clocked a high of US$8,650 yesterday before a technical failure at key trendline resistance pushed prices back to US$7,535. However, the dip was short-lived and the cryptocurrency moved back above the US$8,000 mark this morning and was last seen changing hands at US$8,280.

Read more here.

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