Stocks to watch: DBS, Nio, Thomson Medical Group, Concord New Energy, Jumbo Group, mm2 Asia

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 2):

DBS : The bank will open 18 new and 36 upgraded wealth centres across the Asia-Pacific by end-2027. The opening of the new centres in markets such as China, India and Indonesia will start from Q3 2026. The lender on Jun 1 described the move as the largest physical expansion of its wealth franchise to date. DBS shares closed Friday 1.5 per cent or S$0.91 up at S$62.84, before the news.

Nio : The electric vehicle maker on Monday announced that it delivered 37,705 vehicles in May, a 62.3 per cent year-on-year increase, bringing its cumulative deliveries to 1.1 million as at end-May. The deliveries comprised 20,013 vehicles from the Nio brand, 12,029 vehicles from the Onvo brand and 5,663 vehicles from the Firefly brand. Nio shares closed Friday 3.6 per cent or US$0.20 lower at US$5.44 before the news.