Prime Minister Anwar Ibrahim’s coalition has maintained stability without triggering an early dissolution request to the Yang di-Pertuan Agong, keeping the 15th Parliament on track toward its December 2027 automatic expiry. Recent state elections in Johor and Negeri Sembilan served as de facto tests of governing alliance cohesion ahead of the next general election, which must occur within 60 days of dissolution and no later than February 2028. Anwar has publicly downplayed immediate snap polls, while coalition partners weigh cost-saving alignment with remaining state contests. These dynamics support trader consensus favoring a mid-2027 window over an earlier call, though shifting polling trends or internal party pressures could still prompt a surprise request before the constitutional deadline.