Macquarie released a research report saying that it reaffirmed Galaxy Entertainment's (00027.HK) “outperforming the market” rating and raised this year's net profit forecast by 0.4%, while the target price dropped slightly by 1% to HK$58.7. The company's operating expenses for the first quarter remained stable on a quarterly basis, and management predicts that it will maintain the current stable level for the next few quarters. The bank believes that rising operating costs can support the growth of its business.