According to an article on Argaam, Chairman of Advanced Petrochemical Company (Advanced) [2330.SE], Khalifa Al Mulham, has announced that the company's 2015 performance was good given that the company had a one-month shutdown and expects that operations will continue to perform well in 2016. Al Mulham added that it is difficult to predict 1Q2016 earnings, but expects it to be close to the earnings reported in 4Q2015. The article also mentions that the company is working on increasing efficiency for its plant and reduce the consumption of fuel and electricity. If 1Q2016 earnings were similar to 4Q2016, this would imply an EPS  of around SAR0.85-0.9/share, sufficient to cover the company’s quarterly dividend payments of SAR0.75/share (yield of 8.8%) and reinforcing our view that the company can comfortably maintain its dividend payments this year. Advanced is currently our top pick in the chemicals space, given its attractive yield and resilient operations in a difficult price environment. (Argaam, Yousef Husseini)   Advanced: SAR34.15 as of 10 February 2016, Rating: Buy, FV: SAR60.00 per share, MCap: USD1,493 million, APPC AB / 2330.SE