Semirara challenges coal bid rules. AB Capital keeps PHP 14.80 target for Semirara stock

Published on 10/19/2026 at 03:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AB Capital keeps a Neutral rating and PHP 14.80 target on October 14, 2026. Semirara stock faces a July 14, 2027 contract deadline ahead.

Contract and earnings calendar

Semirara Mining said on October 13, 2026, that its 2026 coal production target remains 12 million metric tons.
AB Capital maintained a Neutral rating and PHP 14.80 target on October 14, 2026.
The next auction process is expected in November 2026 or December 2026, while the current contract expires on July 14, 2027.

Semirara, PHY7628G1124, Illustration mit AI erstellt.

Semirara Mining and Power (PHY7628G1124) said its 2026 coal production target remains 12 million metric tons while it challenges the rules for the next Semirara mine contract, according to Malaya on October 13, 2026. Philstar.com reported on October 14, 2026, that AB Capital Securities maintained a Neutral rating and a PHP 14.80 target for Semirara stock.

Three dates shape the dispute

On September 19, 2026, the Department of Energy terminated a coal bid round covering 10 blocks and 10,000 hectares on Semirara Island, according to Daily Guardian. On October 13, 2026, Semirara said the rules could exclude the incumbent and warned that disrupted stripping at Acacia could affect 2027 production. On October 14, 2026, AB Capital kept its PHP 14.80 target and Neutral view, citing the contract process and the possibility of a contested outcome.

What does the deadline mean?

Semirara's existing operating contract for the Antique coal asset expires on July 14, 2027. The company says the disputed rules require the incumbent to surrender mine assets to participate, while AB Capital said the process could become contested or litigated.

The operating exposure is material because the company said 2026 coal output should reach 12 million metric tons. Simply Wall St reported that second-quarter 2026 revenue rose 26 percent year over year to PHP 18.6 billion, while net income increased 17 percent to PHP 4.75 billion. Those figures give the contract debate a measurable earnings backdrop.

Which dates come next?

The Department of Energy said bidding for the Semirara site could continue in November 2026 or December 2026, according to Malaya. The next scheduled milestone is therefore the revised auction framework, followed by the July 14, 2027 contract expiry.

Semirara keeps its operating base

Semirara describes itself as the Philippines' largest coal producer and also supplies baseload power through two subsidiaries. The company is listed on the Philippine Stock Exchange under the ticker SCC, linking the coal contract directly to its integrated mining and power model.