Prime Minister Anwar Ibrahim retains the constitutional authority to advise the Yang di-Pertuan Agong to dissolve the 15th Parliament at any time before its automatic expiration on 19 December 2027. Recent coalition strains within the PH-BN unity government, including DAP internal deliberations on continued participation and competitive state assembly contests in Negeri Sembilan and Johor, have fueled speculation of an early national poll to consolidate support or preempt further fractures. Analysts note limited immediate incentive for a snap election given Anwar’s parliamentary majority and the risks of uncertain voter turnout, while state polls scheduled through late 2026 may serve as a test of sentiment. Trader pricing reflects expectations that any dissolution would likely occur in the first half of 2027 to align with favorable timing rather than waiting for the full term.