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According to Phillip Securities Research, Robinson will open three outlets in Chon Buri, Ubon Ratchathani and Khon Kaen.

The stores are expected to be operational by the second half of next year.

This will also increase the number of its branches to 14 from 11. Robinson has nine out-lets in Bangkok at present.

The brokerage house said Robinson would also build four more outlets in Bangkok and the provinces in the next three years.

But much of its future expansion will be concentrated in the provinces.

Robinson is part of Central Retail Corporation (CRC), a leading retail conglomerate.

It is expected to realise rev-enues of about Bt126 million in the third quarter from the sale of its lease and shutting down its Silom branch in May.

Robinson purchased its leasehold from Silom Assets Co and terminated the right before its expiry date.

It will gain a large sum of money from returning the right to Silom Assets.

Phillip Securities noted its growth of revenue should come from Phuket-based Jungceylon outlet and from provincial stores because upcountry buyers were "less sensitive" to an economic slowdown.

The securities house revised up its net profit fore-cast this year to Bt941 million from Bt815 million, largely from expected gains from Jungceylon.