At the current price range of RM0.215 – RM0.230, Zantat is trading at a palpable discount to its book value and historical potential. The market has punished the stock for the transitional costs incurred during its expansion phase; costs that are temporary, while the assets they built are permanent.

For retail investors, this disconnect offers a rare window: the opportunity to buy a market-leading industrial player with a newly built R&D engine at a price lower than what early investors paid before that engine even existed.