Second look

Venturing offshore may nudge Singapore investors to give a second chance to the S-chips, and many firms may see a rise in their share prices in the city state from the time they announce their dual listing plans to their eventual listing.

DMG & Partners Research analyst Tan Han Meng said the average share price increase for S-chips that also listed in Hong Kong was around 19 percent, while the figure for Taiwan was 9 percent, excluding outliers.

However, the average share price performance after a dual listing was less rosy.

"Markets are generally efficient and would eventually reward companies with similar valuations based on their individual fundamentals," Tan said.

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