The Chairman of the Advanced Petrochemical Company (Advanced), Khalifa Al-Mulhem, said on Wednesday 06 January in a TV interview with CNBC Arabia that the company plans to maintain its dividends at SAR3/share. This would imply a dividend yield of 9.3% at current levels and would be in line with our forecast for 2016. In a separate interview with Al-Arabiya, the Chairman added that he expects prices to have bottomed out and that the company has been focusing on markets that are offering higher returns such as Turkey and Europe. The Chairman added that they have reduced their exposure to China from 38% to around 17-18%, in light of the weak PP prices there. (CNBC Arabia interview, Yousef Husseini)   Advanced: SAR33.10 as of 07 January 2016, Rating: Buy, FV: SAR60.00 per share, MCap: USD1,448 million, APPC AB / 2330.SE