The storage concept ETF rose again. As of the time of writing, the South Double Long Micron (07709) rose by 7.04% to HK$76.96, and the South Double Long Samsung Electronics (07747) rose by 5.15% to HK$136.7. On the news front, SK Securities' latest research report pointed out that the current storage industry is in the early stage of revaluation, with the target price of Samsung Electronics raised to 500,000 Korean won and SK Hynix's target price raised to 3 million Korean won, both doubling from the current prices. The report emphasizes that the revaluation logic of the storage chip sector is continuously strengthening. The core of the recent storage stock market is the market's undervaluation correction of AI-related storage chips, essentially recognizing the structural improvement in the industry's "profit creation capability." The market no longer simply interprets the current industry boom as a short-term supply shortage on the supply side. SK Securities stated that although the stock prices have risen recently, the 12-month forward P/E ratios of Samsung Electronics and SK Hynix are still at 6.0 times and 5.2 times respectively, highlighting their profitability among global AI-related targets. With the improvement in structural profit stability and the expansion of the main body of memory demand in South Korea, the sector's attractiveness of undervaluation is gradually becoming apparent, still in the early stage of the market.