黄金珠宝零售公司周一在陆港两地下跌，此前中国取消部分黄金零售的增值税抵扣优惠政策，摩根士丹利表示短期内相关股票将出现波动。新消费板块代表老铺黄金在香港早盘一度跌9.4%，股价创七个月来盘中新低。香港老牌黄金珠宝商周大福最大下挫近12%，潮宏基则在A股一度跌停。根据公告，自11月1日起，非投资用途的黄金珠宝零售公司进项税抵扣将从13%减少到6%。花旗称最坏情况下，该政策可能导致零售商黄金采购成本上升约7%。不过，若未来黄金珠宝行业整体提价以转嫁成本压力，竞争格局或对龙头企业更为有利，因大品牌的定价能力与成本控制能力往往更强。摩根士丹利便指出，老铺黄金和周大福的应对能力更强；因老铺黄金定位高端，利润率较高，而周大福则拥有更充足的库存。
责任编辑：王永生
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