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Key events to look out for in the near term is the tabling of the 12th  Malaysia Plan mid-term review (12MP MTR) on 11 Sep that had initially outlined MYR400bn worth of development expenditure for 2021-2025. We are hopeful of key infrastructure projects to be mentioned in the 12MP MTR such as the Penang Light Rail Transit (LRT), Mass Rapid Transit 3 (MRT3), Johor Bahru-Singapore Rapid Transit System (RTS) Link and the Pan Borneo Highway. The icing on the cake would be the reinstatement of previously omitted stations for LRT3 worth c.MYR1bn under the 12MP MTR —— RHB Research