智通财经APP获悉，泉峰控股(02285)跌超18%，截至发稿，跌18.81%，报12.26港元，成交额3591.81万港元。
消息面上，开源证券此前研报指出，美国衰退担忧、关税政策风险为当前估值压制核心因素，2025年地产刚需释放、置换周期来临驱动需求侧温和复苏，受制关税环境导致盈利能力短期承压，伴随公司加速推进海外产能迁移有望驱动2027年利润显著释放，维持“买入”评级。基于特朗普对华加征20%关税情景，公司指引2025年收入增速或受压制、毛利率仍有望维持31%以上（对比10%关税情景此前内部规划收入双位数增长、毛利率35%以上）。
另外，摩根士丹利发布研报称，正当市场在消化对等关税的潜在经济影响和评估中国反制措施，中资股将变得更为波动，并列出30家对等关税重灾股。该行指出，目前追踪分析的30家中资股，全数股份的美国相关收入占比都达30%以上，当中以泉峰控股的77%最高。花旗也指出，泉峰控股等公司有40%至50%利润来自美国。
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