. -- ocbc with a slump in profit. >> if you look at the stock, trading lower.ond-quarter numbers are weak, prospects not looking good. take a look at the breakdown. , $654 million. analysts were looking for $663 million. contracted, insurance dropped, banks under pressure, a strong singapore dollar weighing on interbank rates come a not surprising given what moody's said last month, down the outlook for lenders in june. it is concerned about weak economies, weaker trade growth. ofo, the worsening quality loans, especially to energy companies. singapore banks are heavily exposed to energy-related companies. uobng said that, we saw beating estimates. second-quarter income rose 5%. it said it will stay vigilant, nimble, and is setting its sights on the region's long-term prospects. rishaad: another singaporean also out with a report. what is going on there? >> it is singapore's sovereign wealth fund. returns are down 4% in the 20 year. to march. a year ago it was 4.9%. gic returns have been under pressure. the pain is likely not over. thesame warning sounded by si

all.t helping ocbc at when you look at interest margins, they are under a lot of pressure.lar weighing on rates. given that it downgraded its outlook for bags in june. it is concerned about a couple things, weaker economies, weaker trade growth. also, concerns over the worsening quality of loans, especially to energy companies. arear as the banks concerned, they are heavily exposed and heavily reliant on energy-related companies. still, having said that, we saw uab blocking the trend. they beat estimates, it rose 5%. they said that they would stay vigilant, and they know the challenges ahead. they are setting their sights on the long-term prospects. gic -- i confess, i had not heard of this before. there was also a drop, dropped the market returns, why is that? gic, singapore is and in down to about 4%, march, a year ago, it was 4.9%. it is simply because the markets have not done -- well at all. whether globally, or in asia. i will show you this particular graph. it shows how gic's returns a been under a lot of pressure. and the pain will not be over anytime soon. they say