BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI retreated on Thursday, tracking the weaker overnight performance on Wall Street after stronger-than-expected US jobs data dampened expectations for further interest rate cuts.
Trading activity improved slightly to 2.57 billion shares from 2.55 billion shares in the previous session despite softer risk appetite.
Market breadth also turned negative with 593 decliners outpacing 489 advancers as profit-taking activities weighed on broader market sentiment.
Looking ahead, investors are likely to remain cautious as attention shifts towards the release of Malaysia’s 4Q 2025 GDP (gross domestic product) data later today which could provide clearer direction on the strength of domestic economic momentum heading into 2026.
A stronger-than-expected print may help cushion external headwinds and support selective buying interest, particularly in domestic-oriented sectors.
Conversely, any downside surprise could reinforce risk-off sentiment amid lingering global uncertainties, potentially keeping the benchmark index range-bound in the near term.
Technically, the FBM KLCI has formed a bearish candlestick and is poised for a consolidation. The immediate resistances are located at 1,760 points and 1,770 points respectively.
On the flipside, the immediate support is served at 1,738 points, followed by the 1,720 points.
Malacca Securities Research
With the ringgit strengthening towards the RM3.90 level, buying interest is re-emerging in poultry stocks such as Leong Hup International Bhd while laggards like Teo Seng Capital Bhd and CAB Cakaran Corp Bhd present attractive entry opportunities following recent pullbacks.
We believe a stronger ringgit will reduce feed costs while the removal of subsidies supports higher ASPs (average selling prices) and wider margins.
Also, we view Sorento Capital Bhd’s bullish engulfing pattern as a buy signal, backed by (i) stellar 2Q FY6/2026 results; (ii) a new Johor showroom tapping into JS-SEZ (Johor-Singapore Special Economic Zone) demand; and (iii) a solid net cash position.
Lastly, poultry producer Hock Soon Capital Bhd (M+ target price: 66 sen) debuts on the Main Market today.
The FBM KLCI retreated with technical indicators suggesting weaker momentum at this current juncture as the MACD histogram tilted into the negative territory while the RSI remains below the 70 level.
Resistance is seen around 1,765-1,770 with support at 1,730-1,735. – Feb 13, 2026
