Glonghui, March 16, 丨 Da Mo Fa Research Report said that it is expected that the electricity industry's (0006.HK) recurring profit in 2023 will be under pressure. Although foreign exchange earnings and falling coal prices may bring upward space, interest costs will remain high and the UK Power business may be reset. The bank believes that the profit growth achieved through the acquisition is less visible, maintaining the “in sync with the market” rating for electricity, with a target price of HK$53. According to the report, the company's recurring net profit fell 8% year on year to HK$5.649 billion last year. Excluding one-time adjustments, recurring net profit fell 16% year on year, 9% and 16% lower than the bank's and market expectations, mainly due to profit resets and rising interest costs due to inflation. The stock is currently reported at HK$42.9, with a total market value of HK$91.4 billion.